A debtor unable to meet his obligations when due can declare himself bankrupt (petition in bankruptcy). A condition of doing so is that the debtor is insolvent. That means that his assets and income are insufficient to cover the debt, and that insolvency is not temporary.
A debtor petitioning for bankruptcy is exempt from providing security and liability for costs, see sections 67 and 73 of the Bankruptcy Act (lovdata.no).
Petitions for bankruptcy for companies with their business address in Oslo should be sent to the Oslo Registrar's Court. Elsewhere in the country, they should be sent to the local District Court.
A guide to petitioning for bankruptcy can be found under section 66 (2) of the Bankruptcy Act (lovdata.no). A resolution from the board or general meeting plus the company's certificate of incorporation must be attached.
Bankruptcy petitions from limited companies must be submitted by the board of directors, see section 6-18 of the Limited Liability Companies Act. Fill out form (Pdf-format from Oslo County Court.)
Bankruptcy petitions from partnerships or companies with liability (ANS/DA) must be resolved by the general meeting, see sections 2-8 (1), 2-37 (1) 3-6 and 3-27 of the Partnerships Act.
If a bankruptcy petition is sent by post, a court summons can be expected for court attendance at short notice. The court can also process the petition without convening a court session.