Saab's U.S. Unit Gets Nod For Ch. 11 Liquidation Plan

Law360, Wilmington (July 15, 2013, 7:58 PM EDT) -- After spending about a year and a half in a sometimes contentious bankruptcy process, the U.S. arm of Saab Automobile AB on Monday won a Delaware bankruptcy's judge's approval for its Chapter 11 liquidation plan.

The estate of Saab Cars North America Inc. is expected to have a liquidating trust of about $20 million to use for disbursements that will see administrative, priority and secured claims paid in full, attorneys for the company said in court.

U.S. Bankruptcy Judge Christopher S. Sontchi said “good lawyering” helped...
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Case Information

Case Title

Saab Cars North America, Inc.


Case Number

1:12-bk-10344

Court

Delaware

Nature of Suit

Date Filed

January 30, 2012

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