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Bankruptcy Supervision in Sweden Trends, C ooperation and E fficiency

Bankruptcy Supervision in Sweden Trends, C ooperation and E fficiency. Ms. Anna Thelander. Bankruptcy Supervision today. Bankruptcy Supervision Supervision in all bankruptcies Dividend to creditors Interests of the community Apply – administrator discharged Guaranteed fee

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Bankruptcy Supervision in Sweden Trends, C ooperation and E fficiency

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  1. Bankruptcy Supervision in Sweden Trends, Cooperation and Efficiency Ms. Anna Thelander

  2. Bankruptcy Supervision today Bankruptcy Supervision • Supervision in all bankruptcies • Dividend tocreditors • Interests of the community • Apply– administrator discharged • Guaranteedfee • Opinion on accounts and the fee The Administrator • All powersof the company • Seizing and selling the company assets • Draftingof mandatory reports • Decideswageguarantee • Pays the dividend to the creditors

  3. Efficiency in Bankruptcy Supervision Wehave paper filestoday – lots ofpapers (> 10 000 openbankruptcies) New IT support system – October 2014 • Electronic files • Email for Districtcourts • E-service for Administrators

  4. Efficiency in Government Administration of Bankruptcies Cooperationwith Swedish National Courts Administration (SNCA) Moving administrative tasks to • the EnforcementAuthority • the Administrators • Joint reportfiled at MinistryofFinance and MinistryofJustice in November 2013 – no answeryet

  5. Trends – Increase in Frauds Companies as tools for criminalactivity • Organizedcriminalgroups • Buy and hostiletake-over ofcompanywithgoodcredit rating • Credit fraud and tax fraud prior tobankruptcy • Wageguaranteefraudafterbankruptcy

  6. Trends – False Documents/Fraud and Forgery Frauds: wageguarantee • Falseguarantee decision, not Administrator • Falseappointmentof Administrator, not Districtcourt • Falsecertificate, not Job placement • Usually real companies/real bankruptcies… • Evenfalsecompanies, false administrators • Falseidentities

  7. Cooperation to stop/reduce Fraud Cooperation • County Board, whichpayswageguarantee • EconomicCrimeAuthority, same prosecutors • EconomicCrimeAuthority, procedures for crimereports (County Board & Administrators) • National wageguaranteegroup Information • Administrators • Unions

  8. Ms. Anna Thelander Process Developer

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