Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are between $500 million and $1 billion. It estimated liabilities are between $100 million and $500 million, with between 200 and 999 creditors.
“Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a prepared statement late Monday. “After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.”
What if they’ve lost their bankruptcy card?
If they bring their prior bankruptcy court rulings to Customer Service between the hours of 10am and 5pm Eastern Time, their card can be reissue. Note: this is a one time courtesy, and will not be repeated.
But can they get it punched like the one they had lost already? It had 2 punches…I saw it with my own 👀.