Post Tagged with: "bankruptcy"

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Spyker secures court win against bankruptcy

Spyker secures court win against bankruptcy

Dutch supercar maker Spyker had been struggling financially for quite some times now, but in a recent turn of events the company caught a break and secured a positive result for its appeal against entering the bankruptcy procedures. Spyker CEO Victor Muller even claims the firm will continue its goal […]

Spyker declares bankruptcy

Spyker declares bankruptcy

On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan that would revive its finances and restructuring. Founded in 2000, the company applied for protection from creditors but failed in its attempt earlier this month. The latest actions of Victor […]

US: GM’s bankruptcy judge ready to retire

US: GM’s bankruptcy judge ready to retire

Robert Gerber, the New York bankruptcy judge that has guided General Motors through its 2009 government sponsored bankruptcy process and is now involved in the fallout of the company’s ignition switch debacle, has announced his retirement. The well-known judge is ready for retirement but the court will not lose his […]

GM wants pre-2009 recall related lawsuits dropped

GM wants pre-2009 recall related lawsuits dropped

Because after July 2009, when it emerged from bankruptcy, General Motors became a new company, it now aims to dismiss any lawsuit that claims liability for crashes or other misconduct before that period. The company has moved to ask a federal bankruptcy judge to dismiss any lawsuits related to the […]