insolvenserett
Insolvenserett, or insolvency law, is the body of law that governs situations where an individual or a legal entity is unable to pay their debts. It provides a legal framework for addressing financial distress and aims to balance the interests of the debtor and their creditors. The primary goals of insolvency law are to ensure fair distribution of the debtor's remaining assets among creditors, to allow an honest but unfortunate debtor to achieve a fresh financial start, and to maintain confidence in the economic system.
Insolvency proceedings can take various forms. For individuals, this might involve personal bankruptcy, where assets are
Key principles in insolvency law include the concept of equal treatment of similarly situated creditors, the