Reed NewsReed News

Northvolt creditors to receive partial repayments

Economy & businessEconomy
Key Points
  • Unsecured creditors in Northvolt AB will receive partial repayments.
  • The repayments are a small percentage of the company's enormous debts.
  • Former employees are among those who may get money back.

An unexpectedly high number of people will get back some money from the bankrupt Northvolt, according to documents read by Ekot. The Northvolt bankruptcy consists of several parts, and it is now clear that money will also be distributed to so-called unsecured creditors in the parent company Northvolt AB. This could include former employees of that company.

The bankruptcy trustee Mikael Kubu tells Ekot that even though there is a lot of money to distribute, it will be a very small percentage of the debts that are repaid, because Northvolt had enormous debts.

even though there is a lot of money to distribute, it will be a very small percentage of the debts that are repaid, because Northvolt had enormous debts

Mikael Kubu, bankruptcy trustee

Transparency

How we verified this article

UnconfirmedBased on 1 sources
1 sources2 Involved