The Tax Agency has submitted an application to the district court to request that Oscar Properties Holding be declared bankrupt, reports Expressen.
The real estate company, which is behind several exclusive residential construction projects in Stockholm, has been on the brink of bankruptcy for some time and applied for reconstruction in May.
According to the bankruptcy application, which Expressen has access to, the company has over two million kronor in tax debts that the Enforcement Authority has been unable to collect.
The company's new CEO, Richard Bagge, is hopeful that the matter will be resolved despite the bankruptcy application.
We are working on a reconstruction application that I believe we submitted today. If it is approved, this debt will be handled within the framework of that. If the reconstruction application is not approved, then it will naturally become bankruptcy, he says to Expressen.
The company's share has been traded for a song in recent years after losing over 99.9 percent of its value from its heyday in 2017.
