For updated information about the banruptcy in TrustBuddy, read here. (Also contains information in Swedish.)
TrustBuddy is engaged in peer-to-peer lending. The current management has initiated an investigation indicated that serious misconduct has occurred in the company. The situation is complex and it will not be possible to continue to operate the business in any form.
To ensure fair treatment of all stakeholders, the Board of Directors for TrustBuddy decided to file for bankruptcy. The District Court in Stockholm has appointed Lars-Henrik Andersson of Lindahl law firm as trustee of the bankruptcy.
Lars-Henrik and his team in Stockholm are now dealing with all the important and urgent issues that have to be dealt with immediately in order to best safeguard the interests of all creditors and other stakeholders. This includes immediately taking control of all the company's assets.