Of the 36 schools that the defunct JB Education firm ran 26 will be taken over by new owners, who have been passed by the School Inspectorate. But magazine Dagens Samhälle reports that one of the new owners is a private school fir already losing money, and two other firms are newly founded and lack any financial history. One is the creation of the former head of JB Education.
The bankrupt firm had debts of over a billion Swedish krona. The lawyer administrating the bankruptcy, Mats Emthén, says to Dagens Samhälle, that this collapse is one of the biggest bankruptcies in modern Swedish history, ranking only behind car firm Saab, because of the number of people affected.