Fisker Canada Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3150222
- Industry
- Retail · Vehicle dealers
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.
Debtor
Fisker Canada Ltd.
Trustee in bankruptcy
KSV
| 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 |
| Unsecured |
1 more claim in 1 class The stack holds Unsecured claims.
Every creditor and every amount.
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See all plansUnsecured 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.
As at ·
The total the debtor stated at filing
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See all plans| 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 | |
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CiteProceedings., “Fisker Canada Ltd.” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/fisker-canada-ltd