The Swiss government has said that it will look at temporarily changing its bankruptcy laws to protect companies hit by cash-flow problems and mounting debts during the coronavirus crisis, Reuters reported.

Companies would be able to wait to file for insolvency if they are threatened with coronavirus-related problems, provided there is a chance their debt problems can be resolved after the crisis, the Justice Ministry said, according to the proposal it is considering.

Despite launching a 62 billion Swiss franc ($63.85 billion) aid package to support the Swiss economy, “the coronavirus pandemic threatens many companies with over-indebtedness and therefore bankruptcy,” the government said.

“A wave of bankruptcies would have serious consequences for the economy, in particular for jobs,” it said.