WILMINGTON, Del. (AP) — The Chapter 11 case of failed electric car maker CODA Holdings continued on the fast track Wednesday after attorneys resolved several objections to the company’s bankruptcy financing and sale plans.
After meeting behind closed doors for several hours, attorneys for the company and its official creditors committee told a Delaware bankruptcy judge they had reached agreements on several disputed issues. The agreements will not be formally submitted to the court for approval until Monday, but Judge Christopher Sontchi nevertheless granted a request by the parties to sign final orders approving CODA’s debtor financing and sale plans.
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