Oscar Engelbert's company goes bankrupt

» Updated: October 06 2024

» Published: September 27 2024

Oscar Engelbert's company goes bankrupt
Photo: Janerik Henriksson/TT

Share this article

Oscar Engelbert, founder of the crisis-ridden real estate company Oscar Properties, is petitioning for his private company Parkgate to be declared bankrupt, reports Expressen.

According to the newspaper, Engelbert submitted a bankruptcy application to the district court on Friday.

Oscar Engelbert resigned as CEO of Oscar Properties last year and announced in May that he would leave the board.

The real estate company has had major financial problems and has been on the verge of bankruptcy for a long time. As recently as August, the company avoided bankruptcy after the Stockholm-based housing association Innovationen withdrew its bankruptcy application.

The Tax Authority has also petitioned for Oscar Properties to be declared bankrupt since the company has debts to the state that the Enforcement Authority has been unable to collect. A decision is expected from the Stockholm District Court at the end of October.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Wall Street Sees Modest Gains as Trading Week Begins
1 MIN READ

Wall Street Sees Modest Gains as Trading Week Begins

Railway Derailments Disrupt Swedish Industry and Economy
3 MIN READ

Railway Derailments Disrupt Swedish Industry and Economy

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting
1 MIN READ

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims
2 MIN READ

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal
1 MIN READ

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis
1 MIN READ

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis

Criticism Over No Increase in Sweden's Child Allowance
2 MIN READ

Criticism Over No Increase in Sweden's Child Allowance

Southern Sweden Gains Most from Electricity Price Protection
3 MIN READ

Southern Sweden Gains Most from Electricity Price Protection

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction
1 MIN READ

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction

German Industrial Production Surges Beyond Expectations in July
1 MIN READ

German Industrial Production Surges Beyond Expectations in July

NCC Highlights Sand and Gravel Shortage Threatening Nordic Projects
1 MIN READ

NCC Highlights Sand and Gravel Shortage Threatening Nordic Projects

Dollar and US Interest Rates Under Pressure Amid Fed Rate Cut Speculation
1 MIN READ

Dollar and US Interest Rates Under Pressure Amid Fed Rate Cut Speculation

Stockholm Stock Exchange Opens Week with Gains as OMXS Index Rises
2 MIN READ

Stockholm Stock Exchange Opens Week with Gains as OMXS Index Rises

Lower Taxes and Cheaper Preschool Proposed in Swedish Budget
3 MIN READ

Lower Taxes and Cheaper Preschool Proposed in Swedish Budget

Rising Evictions Impact More Children Amid Economic Struggles
2 MIN READ

Rising Evictions Impact More Children Amid Economic Struggles

Swedish Financial Authority Investigates Stock Fraud Targeting Small Investors
2 MIN READ

Swedish Financial Authority Investigates Stock Fraud Targeting Small Investors

Tokyo Stock Exchange Opens Week with Gains in Nikkei and Topix
1 MIN READ

Tokyo Stock Exchange Opens Week with Gains in Nikkei and Topix

China's Giant Solar Park in Qinghai: A Symbol of Green Transformation
3 MIN READ

China's Giant Solar Park in Qinghai: A Symbol of Green Transformation

South Korean Workers Detained in US Hyundai Raid to Be Flown Home
1 MIN READ

South Korean Workers Detained in US Hyundai Raid to Be Flown Home

Trump's Eight Strategies to Challenge Wind Power Expansion
4 MIN READ

Trump's Eight Strategies to Challenge Wind Power Expansion