IRVINE (CBS/AP) — A company has filed a proposal to buy the assets of California-based Fisker Automotive, days before a hearing planned in the electric vehicle maker’s bankruptcy.

The proposed agreement between Fisker and Wanxiang America Corp. was filed Monday in bankruptcy court. A hearing on a possible sale of Fisker’s assets is scheduled for Friday in Wilmington.

READ MORE: Debate Intensifies Over Reopening JFK Drive in Golden Gate Park to Auto Traffic

Wanxiang’s bid was filed by a representative of the Official Committee of Unsecured Creditors. That group represents Fisker’s creditors.

READ MORE: San Jose Congregation Holds Fast Following Racist Easter Zoom-Bombing

Sunni Beville, attorney for the committee, says Wanxiang proposed a “stalking horse” asset purchase agreement. Such an agreement sets a minimum sale price that other proposed buyers would need to match or beat.

Fisker sought bankruptcy protection in November, three years after receiving a $529 million federal loan commitment.

MORE NEWS: Hero Police Dog Saves Fresno Officer's Life Despite Being Stabbed 6 Times

Copyright 2014 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.