Skuldsanering is the Swedish option for personal bankruptcy, but differs in a number of significant ways. First of all you send in an application, disclosing all your debts and assets, and I believe there's an interview process as well. If they think you're hiding something, should reasonably be able to dig yourself out your hole on your own or don't think you've tried hard enough to sort your problems out on your own then you'll get denied. If accepted you have to sell of all your assets and spend the next several years making a good faith effort to earn as much money as you can and pay back as much of the debt as you can. I believe that if they think you're not being serious or not trying they can cancel the deal at any time. Only once all that is done will any remaining debts be cancelled.