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Fabian Humbel, executive director UBS, Swisspreneur Podcast
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Timestamps:

2:10 - What liquidation is

6:30 - When liquidation is enforced by a creditor

19:50 - Liquidation agreement

23:31 - The emotional toll

28:20- If liquidation happens to a supplier/partner

About Fabian Humbel:

Fabian is an executive director and the head of special segments, credit and recovery solutions at UBS, of which he has been an employee since 2006. He has an MBA from the Chicago Booth School of Business and a BASc in Business Administration from HSG.

3 misconceptions about liquidation that he believes founders must deconstruct is the idea that liquidation is not a valuable option, the idea that liquidation is in fact a failure, and the notion that liquidation is necessarily connected to an insolvency procedure.

There are 2 types of liquidation:

- Privately initiated liquidation: your business model didn't work out, and you've chosen to shut down in style. This may even involve a sale at the end.

- Forced liquidation, under the insolvency procedure: you have not been able to pay your creditors. In this situation, you may find an agreement with the creditor and manage to have some of your debt forgiven. If you do not reach an agreement, insolvency it is.

Fabian stresses the necessity of reaching out for external psychological support should you find yourself dealing with an insolvency procedure. You do not have to bear the brunt of it by yourself — and having an external, neutral perspective on your situation may end up benefiting you more than you know.


Memorable Quotes:

"Liquidation does not mean insolvency, and it is not necessarily a bad thing."


If you would like to listen to the previous conversation in this series, check out the episode with Jürg Tauss.

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