Federal Act
on Debt Enforcement and Bankruptcy
(DEBA)¹

¹ The com­pos­i­tion agree­ment is ac­cep­ted if it has been ap­proved by the time of the con­firm­a­tion de­cision:

a.

by the ma­jor­ity of the cred­it­ors who also rep­res­ent at least two thirds of the total amount of the claims; or

b.

by one quarter of the cred­it­ors rep­res­ent­ing at least three quar­ters of the total amount of the claims.⁵⁵⁵

² The debt­or’s priv­ileged cred­it­ors, spouse or re­gistered part­ner are not in­cluded in the cal­cu­la­tion either for their per­son or for their claim. Claims se­cured by a pledge only count to­wards the amount that is un­covered ac­cord­ing to the com­mis­sion­er’s valu­ation.⁵⁵⁶

³ The com­pos­i­tion court shall de­cide wheth­er and to what ex­tent con­di­tion­al claims, claims with an un­cer­tain due date and dis­puted claims may be in­cluded. This shall not pre­judge the court's de­cision on the leg­al valid­ity of the claims.⁵⁵⁷