| Summary: | On August 20, 2019, the creditor filed an order to temporarily stop the foreclosure.
The foreclosure was rejected on October 1, 2019.
The creditor appealed against the decision.
The High Court of the Canton of Vaud dismissed the appeal on March 27, 2020.
The foreclosure thus remains in place.
More detailed summary:
On August 20, 2019, the creditor applied to the Morges District Court for an interim suspension of the foreclosure against the debtor. The creditor justified her application by the fact that the debtor meets the requirements for imminent insolvency. The district court rejected the application. The creditor appealed against the decision.
The High Court of the Canton of Vaud dismissed the appeal on March 27, 2020. The High Court considers that the creditor has not proved that the debtor is actually insolvent. The foreclosure thus remains in place.
Special Mention:
The decision of the Supreme Court indicates that in the event of an imminent insolvency of the debtor, the creditor has other options for securing her claims. For example, she can have a security mortgage granted. |