Key legal question
Whether a Pfandausfallschein under Art. 158 SchKG may be issued to a non-enforcing pledged creditor.
Extracted holding
Only the creditor who previously enforced the pledge may receive a Pfandausfallschein with the statutory privilege to continue enforcement without a new payment order.
Extracted reasoning
Granting the privilege to a creditor who never initiated enforcement would unlawfully favor him over the enforcing pledge creditor and would contradict the wording of Art. 158 SchKG, especially the clause that no new payment order is required.