Quote:
Originally Posted by Nicky
They will file personal bankruptcy and be debt-free within 5 years.
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Do not know Swedish law - but if the
Wikipedia entry about Bankruptcy in Sweden is true, then they are fucked for life?
Quote:
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People who are deeply in debt can obtain a debt arrangement procedure (Swedish:skuldsanering). On application, they obtain a payment plan under which they pay as much as they can for five years, and then all remaining debts are canceled. The depts must not have come from crime victim compensation and the deptor must not be forbidden to run a company (usually happens because of tax fraud). This process was introduced in 2006. Before that, all unpaid debts remained during the life of a person.
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