Fisker misses $10M payment, is bankruptcy imminent?

Fisker Automotive is in serious financial trouble. In early April, the automaker laid off 150 of its 200 employees and rumors began to swirl that Fisker was preparing to file for bankruptcy. Now that Fisker has officially missed a $10 million payment to the Department of Energy (DOE), many are wondering if the filing is imminent. Although Fisker missed the DOE payment, the government is going to receive at least a portion of the nearly $200 million that Fisker borrowed. According to DOE spokeswoman Aoife McCarthy, “The department recouped the company's approximately $21 million reserve account — funds that came from the company's sales and investors, not our loan — and will apply those funds to the loan.” Source: Reuters read more at:http://www.mnn.com/green-tech/transportation/stories/fisker-misses-10m-payment-is-bankruptcy-imminent