Bankruptcy of a trading or limited partnership

1. Apply for bankruptcy

The person who represents the company, can apply for bankruptcy as well as someone to whom the company owes money (creditor). The application is sent to the district court in the place where the company is registered. The district court decides on bankruptcy and appoints a bankruptcy trustee. The district court notifies the Swedish Companies Registration Office, which registers that the bankruptcy has been initiated.

The bankruptcy trustee takes over and manages the company's assets and liabilities. It is the bankruptcy trustee who decides whether the business should continue.

Apply for your own bankruptcy - for a legal person at Swedish Courts (in Swedish)

2. The Swedish Tax Agency deregisters

When the district court has decided that the company should go bankrupt, they send a notification to the Swedish Tax Agency, that then will revoke the company's F-tax and deregister for VAT and as an employer.

Debited preliminary tax

The partners must submit a preliminary income declaration if the debited preliminary tax for the current calendar year needs to be changed.

Preliminary income declaration at the Swedish Tax Agency (in Swedish)

3. Submit declarations

As a representative of a company, you are obliged to submit all income, VAT and employer declarations until the day the company was declared bankrupt. Then a bankruptcy trustee takes over the accounting.

In some cases, the last year's deficit can be set off against other income.

Closing a trading company at the Swedish Tax Agency (in Swedish)

4. The Swedish Companies Registration Office deregisters

The district court notifies the Swedish Companies Registration Office that the bankruptcy is completed. The Swedish Companies Registration Office deregisters the company.