Final Notice Issued: I Can File Bankruptcy Against Binance Switzerland Next

I’m at present dealing with an unpaid bill from Binance (Switzerland) AG and the state of affairs has escalated into the Swiss authorized system.

In Switzerland, unpaid debts go through a proper process referred to as “Betreibung” (debt enforcement) handled by the state. It starts with a cost order, and if the company doesn’t pay, it escalates step-by-step.

My case has now reached the final stage referred to as “Konkursandrohung” (chapter warning), issued by the authorities in Zug.

This means that they had a last 20-day deadline to pay. In the event that they nonetheless don’t settle the invoice, I am legally allowed to file for chapter (Konkursbegehren) towards the company in courtroom.

So principally, if they don’t pay in time, the subsequent step is that I move forward and request bankruptcy proceedings underneath Swiss regulation.

How the Debt Collection Procedure work in Switzerland: https://goldblum.ch/knowledgebase/betreibungsamt-in-switzerland

Edit: Simply to clarify: I’m not submitting for private chapter.

Underneath Swiss regulation, I’m the creditor in a proper debt enforcement process (“Betreibung”). Since Binance (Switzerland) AG hasn’t paid, the case has reached the ultimate stage (chapter warning / “Konkursandrohung”).

In the event that they nonetheless don’t settle the debt inside the deadline, I can file a chapter petition towards the corporate in Switzerland. That may drive a courtroom to determine on bankruptcy proceedings and potential asset liquidation.

So it’s not about me going bankrupt — it’s about legally forcing the corporate into that course of in the event that they don’t pay.