By any other name – Spyker moves from liquidation to administration

The mood is high at Spyker as the company announces progress on the financial front, but it is far from out of the woods yet. At the start of December 2014, the former Saab owner filed a voluntary petition for financial restructuring (the equivalent of Chapter 11) with the District Court of Midden-Nederland in Lelystad, the Netherlands. Hoped for funding failed to materialise, however, and a couple weeks later, on 18 December, the court declared the company bankrupt.