Motorhome dealer iBobil AS in Tromsø closed its doors on Tuesday morning and filed for bankruptcy. The company had posted losses for three years, with a loss of 12.3 million Norwegian kroner last year on revenue of 87 million. Majority owner Bobilkjeden Norge AS (87.5%) repeatedly converted debt into equity, but this did not save the business. Over three years cumulative losses exceeded 30 million kroner; the auditor resigned and equity was lost.