There are two different certificates of loss, one "due to seizure" the other "due to bankruptcy". The one due to seizure is a result of the normal debt collection process and an application for continuation can be filed without a new summons of payment. The second one is a result of a bankruptcy proceeding which means that the debtor has the possibility to lodge an objection due to the absence of new assets. This leads to a court hearing which determines wether or not there are any new assets (also from income) or not. The debt collection process can only be continued if there are new assets. Otherwise, a new certificate of loss is issued.
However, both certificates of loss legally recognize the debt. This means that a certificate of loss is not void of value and the debt can potentially be collected at a later date. The certificate of loss becomes time-barred after 20 years. If a new certificate of loss is issued, this deadline starts anew.
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