The Daily Docket: Fisker Wins Approval of Liquidation Plan

The company once known as Fisker Automotive received court approval Monday on a Chapter 11 plan that will distribute money raised in the bankruptcy sale of the manufacturer of luxury hybrid sedans. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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General Motors Co.  Chief Financial Officer Chuck Stevens said Monday the $2.5 billion the auto maker has set aside this year to pay for recalls “will have no impact” on the company’s plans to speed its pace of new model rollouts during the next four years, WSJ reports.

Investor confidence that Argentina would reach a deal with holdout creditors is falling as a default deadline draws closer, sparking a selloff in the country’s stocks and bonds, according to WSJ.

Financial Guaranty Insurance Company, one of the biggest hold-out creditors in Detroit’s bankruptcy, will argue next month for a dismissal of the historic case, Reuters reports.

An auditor’s report shows Detroit was insolvent at the time bankruptcy was filed, the Free Press reports.

The bankruptcy of teen fashion retailer Love Culture serves as a warning to other apparel sellers, says Business Insider.