Fisker Estate Gets OK To Send Ch. 11 Plan To Creditors

Law360, Wilmington (June 9, 2014, 10:10 PM EDT) -- A Delaware bankruptcy judge on Monday gave Fisker Automotive Holdings Inc. the green light to solicit creditor votes for a Chapter 11 liquidation plan that would distribute proceeds from the electric-car maker's $149.2 million sale to a unit of China's Wanxiang Group Corp.

At a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge Kevin Gross signed off on Fisker's disclosure statement, finding it contained sufficient information about the estate's proposed Chapter 11 plan.

All objections to the disclosure statement had been resolved, Fisker attorney Ryan Preston Dahl...
To view the full article, register now.