Debt settlement in Norway Get out of debt with our help We have a lot of experience in improving your financial situation. We solve financial problems in Norway even in extremely difficult cases. We are committed to helping you enjoy financial independence again. Ask for an analysis of your case.

Consumer bankruptcy in Norway – what is it?

From a legal point of view, consumer bankruptcy in Norway is when you are no longer able to pay your debts on an ongoing basis. It is important to note that there is no distinction on the fjords as to whether you are an individual or a business owner. Bankruptcy is bankruptcy – there is one legal definition and one way to proceed.

Upadłość konsumencka w Norwegii
Урегулирования задолженностей

Consumer bankruptcy in Norway and Debt settlement

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.

Protection during proceedings

While the case is pending, the debtor has protection from enforcement by creditors. A trustee is appointed to take custody of your property so that it can then be monetized to pay off some of the debt. An expert witness also plays an important role, carefully examining any actions taken by the debtor prior to the time the debt was incurred.

Consumer bankruptcy in Norway

Negotiations are the most important mechanism

Everyone knows that it’s good to talk and get along. Norwegian banks are also aware of this. That is why in a consumer bankruptcy proceeding the court will first consider whether the creditor and the debtor have tried to settle their dispute by means of an amicable agreement. If the person presiding over the case determines that there is a chance for such a resolution, settlement proceedings will be initiated. Otherwise, the case will proceed through the bankruptcy route.

Bankruptcy proceedings – Consumer bankruptcy in Norway

It is worth mentioning that it is the creditor who usually files for bankruptcy. However, you can also apply for it on your own. Regardless of who the petitioner is, they should in any case have the financial means to secure the costs of the proceedings. Remember that the Norwegian courts are extremely scrupulous, especially when it comes to evidence. Therefore, fulfil your obligations during the proceedings – thanks to this, you can count on a quick and positive conclusion of the case.

Consumer bankruptcy in Norway

Life in Norway – 5 surprising facts

Life in Norway can surprise anyone who move to this country. It has a slightly different morality and culture, which translates into a different everyday life than in Poland or any other country. Discover 5 surprising facts to be aware of before you leave. [...]

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Lorentzen Consulting AS is synonymous with reliability. This obliges us to offer services of the highest quality. Over many years of experience, we have acquired the necessary knowledge and skills to help you. Remember – the sooner you contact us, the more effectively we can guide you through the process.
Contact us today for a free, no obligation review of your case. Together we will find the best solution for you.

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    2021-10-09T16:02:46+02:00

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    • 5 star review  

      Paula Farmas Avatar Paula Farmas
      20 March 2018
    • positive review  POTWIERDZAM WSZYSTKIE POSTY PROFESIONALIZM,MIŁA OBSŁUGA NIE MOŻLIWE STAJE SIĘ MOŻLIWE, DOBRA ZNAJOMOŚĆ PRAWA,POLECAM Z CZYSTYM SUMIENIEM ZALATWIENIE SPRAWY TO TYLKO KWESTIA CZASU BARDZO DZIĘKUJE PANIE RZFALE .POZDRAWIAM PAWEŁ GÓRECKI

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      12 May 2019
    • positive review  Bardzo polecam współpracę z Lorentzen Consulting, pełen profesjonalizm.Niemożliwe staje się możliwe ?

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      22 March 2019
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      8 February 2018
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      6 April 2017
    • 5 star review  Nieruchomość kupiona sprawnie i szybko kompleksowe doradztwo. Po sfinalizowaniu nie zostawią cię bez pomocy. Polecam w 100%.

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      6 April 2017
    • positive review  polecamy wspolprace z tym przemilym Panem. Profesjonalizm i pomoc w szerokim zakresie!!!!

      Beata Kłosowska-Liber Avatar Beata Kłosowska-Liber
      11 November 2018
    • positive review  Kupno domu to nie kupno skarpetek :) Związane jest z tym pełno zawiłości prawnych i nie tylko. Dużo stresu. Dzięki pomocy Pana Rafała udało się nam to co zamierzyliśmy. Bez niego bylibyśmy jak dzieci we mgle. Dlatego też z czystym sumieniem mogę polecić firmę Lorentzen Consulting i Pana Rafała. Pełen profesjonalizm i zaangażowanie. Zawsze potrafił odpowiedzieć na pytania, nawet na te "najgłupsze". Jest to osoba godna zaufania i polecenia. Jeszcze raz dziękujemy i jeśli będziemy potrzebować jeszcze raz pomocy na pewno się zgłosimy.

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      14 May 2019
    • positive review  Szybka i profesjonalna pomoc . Polecam!!!

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      2 October 2018
    • 5 star review  Lotentzen Consulting - raskt og profesjonelt, individuell tilnærming til kunden. Takk for hjelpen !

      Kuba Friedrich Avatar Kuba Friedrich
      8 February 2018

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