Spyker filed for bankruptcy

Spyker filed for bankruptcy

November 6, 2020 0 By autotimesnews

Spyker NV’s bankruptcy filing is pending, curator Willem Jan Van Andel said. However, with this statement the case seems far from over.

This should have happened early last month, but CEO Victor Muller said he knew how to successfully resolve the case, but did not keep his promise of payment, and the application was sent.

At the beginning of last month, curator Van Andel already issued an ultimatum to Spyker CEO Viktor Müller. If he does not fulfill his payment obligations in the amount of 52,000 euros, the company will go bankrupt. Müller was able to “delay” this period for another month, but yesterday Van Andel filed an application. The final court decision on the bankruptcy of Spyker NV will be made in the coming weeks.

The Spyker CEO is not worried about this: according to him, Spyker NV is an “empty shell”, and all the company’s activities have been transferred to another holding company, Spyker Limited. Therefore, Müller argues that the liquidator’s petition in bankruptcy proceedings “does not make sense.” Moreover, he still promises to pay, but says he is dependent on another deal.

In addition to the potential bankruptcy of Spyker NV, there is another case against Spyker Services, a subsidiary that went bankrupt earlier this year and owed about 800,000 euros. In this case, Mueller also did not make any payments, in connection with which the bankruptcy manager Dennis Steffens is preparing the sale of the rights to the Spyker trademark, with the help of which he hopes to receive part of the amount.

In August, Spyker announced that it would work with Russian investor Boris Rotenberg. The Spyker C8 Preliator is due to roll off the assembly line in 2021, followed by the D8 Peking-to-Paris and B6 Venator models. In addition, the brand is also planning to open a store in Monaco, but with ongoing bankruptcy cases, Spyker appears to be paralyzed for a while.