§ 7-7. Claims that lapse when the debtor has not been asked to pay

Gjeldsordningsloven·LOV-1992-07-17-99

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The text of the law (unofficial translation)

§ 7-7. Unregistered claims (fordringer) that the debtor (skyldner) has not been asked to pay during the debt settlement period (gjeldsordningsperiode)

Claims that existed at the time of opening and that the debtor has not been asked to pay by the end of the debt settlement period lapse. However, the lapse occurs no earlier than one year after a debt settlement (gjeldsordning) has been adopted or confirmed by the court (stadfestelse).
Source: Lovdata — Gjeldsordningsloven (the Debt Settlement Act) § 7-7

What does this mean?

Debt that existed when the case was opened lapses if the debtor has not been asked to pay it before the period ends. In other words, the creditor (kreditor) loses the claim by waiting.

The lapse can occur no earlier than one year after the settlement has been adopted or confirmed by the court. This section comes after § 7-6 and before § 7-8. For the debtor, it is a kind of clean-up: old claims that nobody has followed up disappear. The one-year deadline gives creditors time to react after the settlement is in place.

Related sections
All sections of the Debt Settlement Act →