For companies under reorganisation
Dispose of what is not needed for continued operations.
During a company reorganisation, surplus assets must be turned into cash without disrupting the business or signalling wind-down. We publish discreetly, across several channels, and document the process on the creditors' behalf.
Consent says you were allowed to sell — not how
The Company Reorganisation Act contains no specific rule on how assets are to be sold during a reorganisation. The matter is governed by the consent requirement: material transfers require the reorganisation administrator's consent, and that is where the assessment of the sale method takes place.
Without the reorganisation administrator's consent, the debtor may not ”transfer, pledge or grant any other right to assets of material significance to the debtor's business.” Lag (2022:964) om företagsrekonstruktion 2 kap. 20 § första stycket
The reorganisation administrator shall act to ensure that the creditors' interests are not disregarded (2 kap. 16 §). The review arises in two situations: in the composition negotiation, and — if the reorganisation is followed by bankruptcy — before a bankruptcy administrator holding the claw-back rules. If a sale is clawed back, the buyer loses the assets he paid for, so the acquirer too has a genuine interest in the process being demonstrably open and market-based. That is precisely what Budgiv documents.
How it works
- You send the inventory list. Or a brief description of what is to be disposed of.
- We divide it into sale lots — each item that gets its own reserve price — and choose channels per lot.
- Publication across all chosen channels, during the same period.
- Bids are collected and time-stamped, channel by channel.
- You decide. The documentation is issued — a signed, hash-linked and qualified time-stamped Realisation Report that anyone can verify, without an account and without contacting us.
Frequently asked questions
May the company sell during the reorganisation?
Yes. The company retains control over its assets during a company reorganisation. But the transfer of assets of material significance to the business requires the reorganisation administrator's consent (2 kap. 20 § of the Company Reorganisation Act). Consent says you were allowed to sell — not how it was done.
Why isn't the reorganisation administrator's consent enough?
Consent is the reorganisation administrator's approval that the transfer takes place, not proof that the price was market-based. If the reorganisation is followed by bankruptcy, a sale can be assessed against the claw-back rules by a bankruptcy administrator after the fact. Then it is the documentation that the assets were offered widely that carries the day — and that cannot be obtained after the fact.
What does it cost?
A fee per sale lot, fixed before the first bid is placed and independent of the final price. It therefore never competes with the amount the sale brings to the company. See the price per sale lot →
Is it visible that the company is winding down?
No. We divide the assets into sale lots and publish them across several independent channels where each lot has its buyers — as individual listings, not as a wind-down auction. What is to go is turned into cash without signalling that the business is closing down.
Does the documentation hold up if it is examined later?
Yes. The Realisation Report is signed per sale lot and shows that the assets were offered widely across several independent channels, with the bids collected and time-stamped. It can be verified by a reorganisation administrator, a creditor or a later bankruptcy administrator — without an account and without contacting us. Verify a report →
Ninety seconds, no account. Tell us briefly what is to be sold, and we will come back with a proposal on channel selection, how the assets are divided into sale lots, and a price.
Describe what is to be disposed of