SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Bankruptcy Decision for Oscar Properties Postponed

» Updated: 19 September 2024, 17:47

» Published: 22 August 2024

Bankruptcy Decision for Oscar Properties Postponed
Photo: Janerik Henriksson/TT

The Stockholm District Court has decided to postpone the decision on bankruptcy for the crisis-stricken real estate company Oscar Properties until October 31, reports the newspaper Expressen.

The decision was expected on Thursday, but was postponed after Oscar Properties' CEO Richard Bagge requested a reprieve, citing the possibility of additional funds coming into the company to cover a debt to the Tax Authority, which is the basis for the bankruptcy petition.

The company has provided an explanation for how it will settle its debts and we find it credible, says the Tax Authority's Caroline Schauman to the newspaper.

According to CEO Richard Bagge, the company hopes to have received an additional 25 million kronor by the end of October. However, he refuses to comment on where the money will come from.

It's business secrets, he says to Dagens industri.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Cryptocurrency victory in the US Congress
1 MIN READ

Cryptocurrency victory in the US Congress

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet