#Report
Trustee's report fixed the bankruptcy at November 6, 2024, 11:39 and set out unaudited book-value assets of $7,038,000, with no secured claims advanced against the Company.
Source: Certificate of Filing dated November 6, 2024 - 31-3150222
Fisker Canada Ltd.
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3150222
Filings held3
Last activity6 Nov 2024
On the record684 days
OverviewSummary updated
Fisker Canada Ltd. filed an assignment in bankruptcy on November 6, 2024 at 11:39, with KSV Restructuring Inc. as Licensed Insolvency Trustee under the BIA in Ontario, court file no. 31-3150222. The Trustee reported book-value assets of $7,038,000 as at the date of bankruptcy: cash of $1,707,000, an HST receivable of $834,000, prepaid expenses and other of $476,000, and a $4,021,000 intercompany receivable from Fisker GmbH (Fisker Austria), itself subject to a restructuring process in Austria. Unsecured obligations totalled approximately $21.1 million, of which approximately $19.0 million is owed to the wholly owning U.S. parent, Fisker Group Inc., in Chapter 11 since June 17, 2024; the Company was not included in those proceedings. The Trustee is not aware of any secured, priority or trust claims. The proceeding is active.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Fisker Canada Ltd. assigned itself into bankruptcy, leaving unsecured obligations of approximately $21.1 million, including approximately $19.0 million owed to parent Fisker Group Inc. for shipped EVs and startup loans.
#Report
Assignment in bankruptcy filed, placing the Company in bankruptcy and fixing the date at which assets of $7,038,000 and unsecured obligations of approximately $21.1 million were measured.
Source: Trustee's Preliminary Report dated November 26, 2024
Parties
Debtor
Fisker Canada Ltd.
Trustee in bankruptcy
AlixPartners
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Fisker Group Inc. (the Parent)Approximate ('approximately $19.0 million', the 'Parent Obligation'), stated at the date of bankruptcy (November 6, 2024). Trustee's preliminary understanding: approximately $17.4 million for EVs shipped to the Company for sale in Canada which remain unpaid, and approximately $1.6 million in intercompany loans for startup costs. Interest does not accrue on the Parent Obligation. Related party: wholly owning U.S. parent, itself in Chapter 11 since June 17, 2024 (the Company was not included in those proceedings). — debtor: Fisker Canada Ltd. · as of 6 Nov 2024 | $19M | Trustee's Preliminary Report dated November 26, 2024 |
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.EstimatedTrustee's Preliminary Report · 26 Nov 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distribution | Estimatedper the trustee | Trustee's Preliminary Report · 26 Nov 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report dated November 26, 2024
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Filing dated November 6, 2024 - 31-3150222
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Fisker Canada Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/fisker-canada-ltd