Key legal question
Whether the appeal against the cantonal bankruptcy decision was sufficiently reasoned under the Federal Supreme Court Act.
Extracted holding
No; the filing did not engage with the decisive reasoning of the cantonal decision and therefore failed to meet the minimum reasoning requirements.
Extracted reasoning
An appeal must explain, with reference to the challenged decision, which legal or constitutional rules were violated. A mere prospect of debt restructuring by the end of December 2011 was insufficient.