Spyker was forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand, already behind in its payments, wouldn’t be able to pay back creditors, MotorAuthority.com reported today. Fast forward to today and Spyker is no longer in bankruptcy thanks to a bridging loan that will keep the company going for the time being. The bridging loan provided a solid foundation for Spyker in lodging a successful appeal to have the bankruptcy ruling overturned yesterday in court. The automaker isn’t quite out of the woods yet, as it still is operating under a “temporary moratorium of payment” which is similar to chapter 11 protection in the U.S.
