Electric Car Maker Coda Holdings Inc Files Chapter 11 Bankruptcy …

27 мая 2014 | Author: | Комментарии к записи Electric Car Maker Coda Holdings Inc Files Chapter 11 Bankruptcy … отключены
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Home Delaware Chapter 11 Electric Car Maker Coda Inc. Files Chapter 11


Electric Car Maker Coda Inc. Files Chapter 11

On May 1, 2013, Coda Holdings, and its affiliated debtors (the commenced chapter 11 cases in the Bankruptcy Court for the District of A copy of the Coda Holdings, chapter 11 petition may be found In support of the first day filings, offered the Declaration of John P.

A copy of Mr. Madden’s Declaration is here. Mr. Madden is the Debtors’ Restructuring Officer.

According to Mr. Declaration, Debtors design, and sell all-electric vehicles electric drive propulsion and stationary energy storage Debtors’ proprietary battery system provides valuable storage, supply, protection and to users in a wide range of and EV applications.

Debtors cite difficulties in its CODA Sedan to the market, with the muted response to the once final production that resulted in substantially expenses and lower revenues anticipated as possible causes for the

Coda electric car

Debtors contend that have been attempting to their assets since the of 2012 without success. On 30, 2013, Debtors entered a Restructuring Support Agreement its supporting lenders that a public auction designed to the value of Debtors’ assets and the orderly winding up of Debtors’ following a sale through a liquidation plan of reorganization. As set in the Madden Declaration, a group of plans to extend debtor-in-possession and

will serve as the stalking bidder in connection with a 363 sale of the Debtors’ assets, and to a plan of reorganization that provide for some value to the

Debtors moved for joint of their chapter 11 cases for purposes only. Debtors to appoint Kurtzman Carson LLC as claims and noticing agent. motions and other first day are scheduled to be heard on May 3, 2013 at am.

The Coda Holdings, Inc. case has been assigned Number 13-11153-CSS. The cases been assigned to Bankruptcy Christopher S. Sontchi.

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Coda electric car
Coda electric car
Coda electric car
Coda electric car
Coda electric car
Coda electric car
Coda electric car
Coda electric car

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