The crisis-stricken real estate company Oscar Properties' application for reconstruction was rejected by the Stockholm District Court on Wednesday, reports Dagens industri. "They have achieved their goal", says CEO Richard Bagge about a housing association that has requested the company's bankruptcy.
BusinessMore and more Swedes are consuming beyond their means right now. The crash risks coming in the autumn – but it is possible to get the family's economy back on track again.
BusinessThe number of indebted individuals is increasing, but many who turn to the Enforcement Authority do not get through. More than every fourth call to the authority's customer service is disconnected.
SwedenOver ten years, young women's debts to the Enforcement Authority have more than doubled. Now they have equally large debts as young men. It's very easy to shop with money you don't have today, says Davor Vuleta at the Enforcement Authority.
BusinessFour people are being prosecuted for aggravated fraud following a notorious invoice scam in Malmö. It sparked an investigation that covers suspected frauds totalling over one million kronor. There are a number of serious frauds that have taken place over a two-year period, says prosecutor Henrik Nordquist.
CrimeThe country's homeowners' associations are becoming increasingly indebted and bankruptcies are rising. It's quite clear that it's a tougher situation. Especially for the associations that are renegotiating their loans now to a completely different interest rate, says Therese af Jochnick at Sweden's Homeowners' Centre (SBC).
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