The company with more lives than the cat continues to survive. Today there were negotiations in the district court between Oscar Properties Holdings AB (OP) and the Swedish Tax Agency.
The Swedish Tax Agency had filed to declare (OP) bankruptcy due to unpaid taxes, specifically $405,000. In the middle of the negotiations, (OP's) CFO Rickard Bagge suddenly asked the Swedish Tax Agency for a respite until the end of October before the court decides on a bankruptcy.
According to CFO Richard Bagge, if all goes well, up to $2,251,000 will come into the company later this fall. Based on the Swedish Tax Agency's representative Caroline Schauman, the company has provided an explanation of how to settle the tax debts, and the Swedish Tax Agency finds that explanation credible. In the end, the decision came, (OP) gets a postponement of the bankruptcy until October 31, 2024.
The last word has not yet been said in the saga of Oscar Properties Holdings AB (OP), but I am 100 percent sure that the company will be declared bankrupt before the turn of the year.
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