Saab kicked out of court; preparing for the worst as bankruptcy nears

Saab's effort appears to have failed to get it non-bankruptcy court protection from the millions of dollars it owes to creditors and almost two weeks of employee salaries, according to Automotive News and The Detroit Bureau industry insiders.

While saying it planned to appeal the court decision, the time may be running out along with the cash left in the coffers. An appeal may be meaningless if the Saab worker's union acts, as threatened, within the next few days to force the Swedish company into bankruptcy.

In the court's rejection of Saab's protection attempt, the court noted that it was not clear if or when the white knight investors would come to Saab's rescue. Apparently the court itself feels that if they can't survive on their own and there is no firm date for the check to arrive, then the company's choices aren't pretty but they may be forced on them anyway.

As we've said before, if you are thinking about buying a new or used Saab vehicle, you may want to think again.

Burdge Law Office
Because life's too short to drive a lemon.

Share this:


Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.