What does it take to get a bankruptcy quarantine?

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Bankruptcy quarantine, usually for two years, means that a person cannot establish new companies or hold board positions during the quarantine period. This measure is used when there is a suspicion of criminal offences in connection with the bankrupt company.

Alternatively, bankruptcy quarantine may be imposed in cases where the business behaviour is considered irresponsible, and the person is deemed unfit to hold directorships or found new companies. The decision to impose a bankruptcy ban is based on an overall assessment, where repeated bankruptcies over a short period of time, known as recurrences, and other relevant factors are taken into account.

It is important to note that case law has set a relatively high threshold for imposing a bankruptcy ban.