While it did not have the expected success with its pricey hybrid Karma sports car - which it billed as "a bold expression of uncompromised responsible luxury" - it did attract interest from stars such as Bieber, Leonardo DiCaprio and Ashton Kutcher.
Having struggled financially for some time, the company announced in April that it was laying off 75 per cent of its workforce.
The bankruptcy could become a political hot potato because the US Government had focused on Fisker to encourage the development of green energy, providing it with loans.
The Wall Street Journal quoted a Department of Energy representative as saying it had recovered US$53 million ($64.7 million) of the US$192 million Fisker owed the Government, leaving US$139 million unpaid.
Two Republican members of Congress - House energy and commerce committee chairman Fred Upton and oversight and investigations subcommittee head Tim Murphy - have already lashed out over the matter.
During last year's United States presidential election campaign, Republicans repeatedly highlighted the fate of solar energy firm Solyndra, which went bankrupt after getting a US$500 million government loan guarantee.
- AAP