Kredituppgörelse

Kredituppgörelse is a Swedish term that translates to "credit settlement" or "debt settlement." It refers to an agreement reached between a debtor and a creditor to resolve an outstanding debt. This typically occurs when a debtor is unable to repay the full amount owed, and the creditor agrees to accept a lesser sum as full satisfaction of the debt.

Such agreements can arise in various situations, including insolvency, financial distress, or as a negotiated resolution to avoid further legal action. The terms of a kredituppgörelse are usually formalized in a written contract, outlining the agreed-upon settlement amount, payment schedule, and release of further claims by the creditor.

The process often involves negotiation, where the debtor may present their financial situation to the creditor, explaining their inability to meet the original terms. The creditor then weighs the benefits of receiving a partial payment against the costs and uncertainties of pursuing the full debt through legal means. If an agreement is reached, it provides a definitive end to the debt obligation for the debtor and a guaranteed, albeit reduced, recovery for the creditor.

It's important to note that entering into a kredituppgörelse can have implications for the debtor's credit history, although the exact impact may vary depending on the specific circumstances and the information reported to credit bureaus. Seeking legal or financial advice is often recommended for individuals or businesses considering or proposing such a settlement.