Thursday, November 13, 2008

Swedish Bankruptcy Law - Effects of the Initiation of Bankruptcy Proceedings (continued)

The bankrupt, and the directors in the case of a company, is obliged to cooperate with and provide information to the receiver, the court and the Supervisory Office (“Tillsynsmyndigheten”), which is a part of the Swedish Enforcement Authority (“Kronofogdemyndigheten”) and supervises the administration of the bankruptcy estate by the receiver.

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