Swedish Bankruptcy Law – Creditor’s Set-off Rights

A creditor who has a claim against the bankrupt is allowed to a set-off against a claim which the bankrupt may have against the creditor, provided – in general terms - that the claims are of the same type (e.g. that they are both claims for money) and that the creditor’s claim has arisen prior to the date specified in the bankruptcy decision as the prior date when the bankruptcy should be considered effective (“fristdag”).