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International Law
: Swedish Law BlogSwedish Bankruptcy Law ? Preferential claims (claims with ?förmånsrätt?)
If a creditor has obtained an attachment by the Swedish Enforcement Authority (?Kronofogdemyndigheten?) of an asset, he has also a special preferential claim in such an asset.
Creditors who have a security with a general preferential claim are entitled to receive payment out of all the assets of the bankruptcy estate not covered by a special preferential claim before both creditors with lower preferential claims and creditors with no preferential claims. Non-preferential claims are treated equally in the distribution of the assets remaining after costs and preferential claims.
Full post as published by Swedish Law Blog on December 01, 2008 (boomark / email).
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