Request for Extension of Payment Deadline or Remission of a Claim

Key Points and Swiss Template in English

Use a Request for an Extension of the Payment Deadline if...

… business operations and liquidity have been severely impacted by the COVID-19 measures imposed by the authorities and the resulting economic downturn

… you have received an invoice and need an extension of the payment deadline

… you are no longer in a position to pay an invoice according to the conditions agreed before the COVID-19 situation

Key points included in a Request for an Extension of the Payment Deadline

What is a Request for an Extension of the Payment Deadline?

The scale of the measures ordered to stem the spread of the COVID-19 virus and their consequences took most businesses by surprise. Many have seen their cash flow decline as a result. This has left them facing significant short-term payment difficulties and the need to restructure their debts.

Therefore, through this application, a company seeks an arrangement with a creditor to obtain additional payment time and/or debt remission on the grounds that the current circumstances and their consequences were unforeseeable at the time the claim arose.

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