A certificate of loss confirms that the claim was not covered, or only partly covered, in the debt collection proceedings. The claim is thereby acknowledged, but not lost.
There are two types:
- Certificate of loss after seizure: Within 6 months, the debt collection proceedings can be continued without a new payment order (Art. 149 DEBA).
- Certificate of loss after bankruptcy: New debt collection proceedings are only possible if the debtor has acquired new assets (Art. 265 DEBA).
A certificate of loss becomes time-barred 20 years after it was issued (Art. 149a DEBA). Cashare regularly checks the debtors' situation. If a debtor has income or assets again, we start new debt collection proceedings.