Dutch luxury car maker Spyker is no longer officially bankrupt, a court ruled on Thursday.

Spyker was declared bankrupt on December 18, two weeks after going into court protection from creditors but appealed against that decision.

The appeal court in Leeuwarden has now agreed lifting the bankruptcy will allow a deal to be reached with the company’s creditors and that money has been made available for this.

Spyker founder Victor Muller said in a statement on Thursday the moratorium on payments, which replaces the bankruptcy,  should be lifted in a few weeks. The company has spent the time between lodging the appeal and today’s ruling to reach an agreement with the majority of creditors, he said.

Once the moratorium has been lifted Spyker will ‘pursue the execution of our plans which include the introduction of the Spyker B6 Venator, our entry-level luxury sports car which will give a larger audience access to the Spyker brand,’ Muller said.