Trägårdh’s insolvency law experts have extensive experience in winding up limited liability companies and regularly act as liquidators.
Liquidation involves the dissolution of a company after all debts have been paid. If any surplus remains from the liquidated assets, it is divided between the shareholders. A company that has entered into liquidation but is subsequently unable to pay its debts may instead be declared bankrupt.
There are two types of liquidation: voluntary liquidation, where the company itself decides to enter into liquidation, and compulsory liquidation, where the Swedish Companies Registration Office or an ordinary court decides that the company must enter into liquidation. Liquidation proceedings last at least six months as notice must be issued to unknown creditors by law.