konkurs, konkursbo, kurator: what does it mean in Danish debt collection?
konkurs, konkursbo, kurator in English: bankruptcy, bankruptcy estate, trustee
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
When a debtor goes bankrupt, the estate is managed by a trustee, and creditors lodge their claims in the estate.
Explanation
The trustee gathers the debtor's assets and shares them between the creditors in the order set by the Bankruptcy Act (konkursloven). Ordinary creditors often receive only a small part or nothing. Lodge your claim with the trustee with documentation, and keep an eye on the deadlines in the trustee's letters.
Read more
Article: When a customer goes bankrupt
Related terms
- kompensationsbeløb fixed compensation
- kreditaftaleloven the Credit Agreements Act
- inkassovarsel, påkrav debt collection notice, letter of demand
- kreditforsikring credit insurance
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