Judge raises concerns about Fisker’s race through bankruptcy

Fisker Automotive Holdings Inc might not be making its plug-in Karma sports cars anymore, but it still knows speed. The company’s lawyers convinced a bankruptcy judge on Tuesday that its Chapter 11 should proceed at an unusually rapid pace. U.S. Bankruptcy Judge Kevin Gross in Wilmington began a hearing on Tuesday by suggesting the company should slow down its plan to sell its assets to Hong Kong tycoon Richard Li and give creditors four more weeks to get a handle on the situation. Fisker filed for bankruptcy on November 22 and a creditors’ committee was formed only on Thursday.


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