Best Bankruptcy Lawyers in Norway

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

Law firm Rasmussen & Broch

Law firm Rasmussen & Broch

Bergen, Norway

Founded in 1984
50 people in their team
Norwegian
English
Since the firm's inception in 1984, our philosophy has been to offer specialized legal services of high professional quality with professional execution.Through personal follow-up, business understanding and a focus on effective solutions, we have built long-term client relationships since the...
NorJus Law Firm

NorJus Law Firm

Oslo, Norway

Founded in 2002
50 people in their team
Norwegian
English
About NorJusWe work a lot with inheritance cases and with spouse / cohabitation, labor law, company law, contract law and copyright law. Clients are mostly private individuals and companies. Lawyer MNA Eivind Bergh-Jacobsen is the principal owner of the law firm DA NorJus.How do you get in touch...
Thommessen

Thommessen

Oslo, Norway

Founded in 1856
500 people in their team
Norwegian
English
More than the industry's best legal expertiseThommessen is one of Norway's leading business law firms with offices in Oslo, Bergen, Stavanger and London. Since our start in 1856, we have been involved in most of the tone-setting assignments in Norwegian business. Our clients are Norwegian and...
Kvale Law Firm

Kvale Law Firm

Oslo, Norway

Founded in 1988
50 people in their team
Norwegian
English
Victory togetherKvale is a leading commercial law law firm which, since its inception in 1988, has assisted national and international businesses. We are particularly recognized for assisting some of Norway's largest companies with their most important and complicated matters.Our professional...
AS SEEN ON

Browse bankruptcy law firms by city in Norway

Refine your search by selecting a city.

About Bankruptcy Law in Norway

Bankruptcy in Norway is a legal process where an individual or a business declares that they are unable to pay their debts. The purpose of bankruptcy laws in Norway is to provide a fair and orderly process for debt repayment, while also protecting the rights of creditors. Bankruptcy proceedings are governed by the Norwegian Bankruptcy Act.

Why You May Need a Lawyer

Legal guidance is crucial in bankruptcy cases, especially when dealing with complex financial situations. A lawyer can help you understand your rights, navigate the legal system, negotiate with creditors, and represent you in court if necessary. They can also provide advice on alternatives to bankruptcy, such as debt restructuring or settlement.

Local Laws Overview

In Norway, bankruptcy proceedings are primarily governed by the Norwegian Bankruptcy Act. Key aspects of local laws relevant to bankruptcy include the process of filing for bankruptcy, the appointment of a bankruptcy trustee, the distribution of assets to creditors, and the discharge of debts. It is important to familiarize yourself with the specific regulations and procedures in Norway if you are considering bankruptcy.

Frequently Asked Questions

1. What is the difference between bankruptcy and debt settlement?

Bankruptcy is a formal legal process where a debtor's assets are liquidated to repay creditors, while debt settlement involves negotiating with creditors to repay debts through a modified payment plan.

2. Can I file for bankruptcy as an individual in Norway?

Yes, both individuals and businesses can file for bankruptcy in Norway.

3. What happens to my assets in a bankruptcy proceeding?

In a bankruptcy proceeding, your assets are liquidated to repay creditors. Certain assets may be exempt from liquidation, such as necessary household items and tools of the trade.

4. How long does a bankruptcy proceeding typically last in Norway?

The duration of a bankruptcy proceeding can vary depending on the complexity of the case, but it usually lasts for one to two years.

5. Can I discharge all of my debts through bankruptcy?

Not all debts can be discharged through bankruptcy. Certain debts, such as alimony, student loans, and taxes, are typically not discharged.

6. What are the consequences of filing for bankruptcy in Norway?

Filing for bankruptcy can have long-term consequences, including a negative impact on your credit score and restrictions on your ability to obtain credit in the future.

7. Can I continue to operate my business during a bankruptcy proceeding?

Depending on the circumstances, you may be able to continue operating your business during a bankruptcy proceeding with the approval of the bankruptcy trustee.

8. How can a lawyer help me in a bankruptcy proceeding?

A lawyer can provide legal advice, represent you in court, negotiate with creditors, and help you navigate the complex legal process of bankruptcy.

9. Is there a possibility of avoiding bankruptcy through debt restructuring?

Yes, debt restructuring is a common alternative to bankruptcy where creditors agree to modify the terms of the debt to make repayment more manageable.

10. How do I know if bankruptcy is the right option for me?

It is advisable to consult with a lawyer to assess your financial situation and explore alternative options before deciding to file for bankruptcy.

Additional Resources

If you are in need of legal advice or assistance in bankruptcy matters, you can contact the Norwegian Bar Association or the Norwegian Financial Supervisory Authority for further information and guidance.

Next Steps

If you are considering bankruptcy or facing financial difficulties, it is important to seek legal advice as soon as possible. Contact a qualified bankruptcy lawyer to discuss your options and determine the best course of action for your situation.

Lawzana helps you find the best lawyers and law firms in Norway through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Norway—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.