Tuesday, November 18, 2008

Swedish Bankruptcy Law - Bankruptcy Estate Inventory Deed

The receiver will, based on information from the bankrupt, prepare and present to the court a bankruptcy estate inventory deed showing the assets and liabilities of the bankrupt. Thereafter a meeting is held in the court and the bankrupt is obliged to declare under oath before the court that the deed is correct. Before this has taken place, the bankrupt, and the directors in the case of a company, may not leave Sweden without the permission of the court.

If a creditor has lodged the bankruptcy petition, he/she will be summoned to this court meeting.

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