Bankruptcy of limited companies

Apply for bankruptcy at the District Court  

A limited company may itself file for bankruptcy. Someone to whom the limited company owes money (creditor) can also apply. Applications must be submitted to the District Court, which decides on the bankruptcy and appoints a receiver. During the bankruptcy proceedings, the receiver is responsible for managing the company's assets and liabilities. It is also up to the receiver to decide whether to continue the activity or to sell the business's assets outright. 

Once the District Court has decided that the business has gone bankrupt, it sends a notification to the Companies Registration Office, which registers that the bankruptcy has been initiated. After that, it is not possible to change certain details of the limited company at the Companies Registration Office, such as the name of the company.  

Contact the District Court if you have any questions about the bankruptcy, such as fees and waiting times, and how to appeal. 

The Swedish Tax Agency deregisters the company  

The Tax Agency receives information from the District Court about the bankruptcy. The Tax Agency registers that the company no longer has F-tax, no longer has to pay VAT and is no longer an employer.  

Deregistering a limited company in bankruptcy

You may become personally liable for payments   

You who represent a company (a legal person) normally become personally liable for the company's unpaid taxes and fees. This is because you have a representative responsibility.

Liability for payment of legal persons' unpaid taxes and fees at the Swedish Tax Agency

F-tax during ongoing bankruptcy  

Anyone who is declared bankrupt cannot be approved for F tax. This applies to a natural person as well as a legal person. If the person applying for an approval for F-tax is a sole proprietorship or a sole proprietorship, the rules will apply mutatis mutandis.

When the bankruptcy ends  

The receiver reports his work to the District Court, which concludes the bankruptcy.