The Norwegian bankruptcy process in a nutshell
Most people and businesses are from time to time affected by a bankruptcy. They may be employed by a company going into bankruptcy, contracting party to a business that goes bankrupt, or owner or board member of a company being declared bankrupt. The person or company taken under bankruptcy proceedings are subject to extensive and complex regulations and in this article we will try to give an overview and introduction to these regulations.
Seizure of assets in Norway
The fact that you have a claim against a person or a company might be of minor importance if this person or company disposes of all its assets before you are able to enforce your claim. In these cases seizure of ass…