Many people are of the opinion that once a consumer bankruptcy is filed, the debt is forgiven. This is wrong, the debt is not written off. Therefore, debt settlement (norwegian gjeldsordning) is the best solution. A settlement can be reached by a voluntary agreement with your creditors, i.e. those to whom you owe money. If your creditors are unwilling to make such an agreement, the court may order a forced settlement of the debt.
The purpose of this procedure is to put you back in control of your finances.
Read more about debt settlemnt in norway.