Fisker Avoids Chapter 7 Liquidation, EV Owners Will Keep Getting Support

While remaining in Chapter 11 will help owners, Fisker shareholders are unlikely to get their money back

The bankrupt car manufacturer has avoided Chapter 7 liquidation, which is good news for owners. Fisker 's owners' association will have a say in the sale of the brand's intellectual property. There are several open recalls for the Fisker Ocean in the U.S. Fisker ’s collapse wasn’t just bad news for its founder, investors, creditors, and the EV market as a whole, but also for its owners who are at risk of losing support for their freshly-delivered electric SUV s.

Read: Fisker Files For Bankruptcy After All Rescue Attempts Fail How does this impact owners? Well, there are still several open recalls out for the Fisker Ocean and this will allow the company to make the necessary updates to ensure they’re safe. The owner’s association will also have a voice in the sale of Fisker’s intellectual property, including designs and its computer code.

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