Most countries require companies to pay their debts in full and on time. Failure to do this is usually deemed to be default
Anything that involves non-payment of debts in full with a court getting involved has a strong smell of bankruptcy.
Anything that involves delaying payment with a court getting involved has a strong smell of bankruptcy.
Anything that involves asking a court to prevent creditors from suing for unpaid or late debts has a strong smell of bankruptcy.
Anything that involves conversion of debt into equity with a court getting involved has a strong smell of bankruptcy.
Might have a different name, but it looks, talks and pays like bankruptcy
https://www.ch-aviation.com/portal/n...tion-in-norway