Loss certificate

In Swiss debt enforcement, a loss certificate is issued when enforcement or bankruptcy does not fully satisfy a creditor. It evidences the unpaid amount and has consequences for limitation, future enforcement and, in some contexts, interest. A bankruptcy loss certificate differs in effect from one issued after seizure, so its practical use depends on the proceeding. It is not a fresh judgment on the claim, but an enforcement document showing that realization was insufficient and that the creditor remains unpaid to the stated extent.