Vroom, Inc.

  1. January 16, 2025

    Auto Financer Vroom Exits Ch. 11 Free Of Long-Term Debt

    Bankrupt automotive finance company Vroom Inc. has emerged from bankruptcy free of $290.5 million in convertible note debt, it has announced.

  2. January 13, 2025

    Giuliani Held In Contempt Again, EPA Slams $535M Talc Deal

    Former New York City Mayor Rudy Giuliani was held in contempt for a second time, Johnson & Johnson's bankrupt spinoff called Brown Rudnick's bid to represent an official committee of talc claimants "an ethical violation," and the federal government objected to a $535 million settlement that bankrupt talc supplier Whittaker Clark & Daniels reached regarding talc claims in its New Jersey Chapter 11 case.

  3. January 08, 2025

    Auto Financing Co. Vroom's Equity Swap Ch. 11 Plan Gets OK

    A Texas bankruptcy judge on Wednesday approved automotive financing and analytics company Vroom Inc.'s Chapter 11 plan to convert $290.5 million of debt into equity, overruling an objection to the deal from the U.S. Department of Justice's bankruptcy watchdog and allowing Vroom to continue operating.

  4. November 27, 2024

    The Story Behind Vroom's Chapter 11 Case

    A few years ago, used-car seller Vroom Inc. was expanding rapidly and beating sales records quarter after quarter, spurred on by customers shopping online for vehicles during the COVID-19 pandemic. Now, Vroom is in bankruptcy court as a shell of its former self, seeking to turn over what remains of its business to investors.

  5. November 20, 2024

    Meet The Attys Driving Car Financing Co. Vroom's Ch. 11

    Vroom Inc., a financing company and former online used car seller, filed for bankruptcy in Texas earlier this month with plans to exchange nearly all of its $290 million in debt for equity under a Chapter 11 road map approved by most creditors. Behind the wheel of its bankruptcy are a team of Porter Hedges LLP attorneys who have worked on a number of recent high-profile cases.

  6. November 15, 2024

    Vroom Gets Interim OK For Ch. 11 Plan Disclosures

    A Texas bankruptcy judge conditionally signed off Friday on the disclosure statement for Vroom Inc.'s Chapter 11 plan, after the defunct used car sales and financing company agreed to revise language regarding the releasing party in its vote solicitation materials to resolve an objection from the U.S. Trustee's Office.

  7. November 13, 2024

    Catching Up With New Bankruptcy Case Action

    Former used-car retailer Vroom, prison healthcare provider Wellpath and film production services company Film Finances have all filed for Chapter 11 bankruptcy protection, citing economic difficulties in the wake of the COVID-19 pandemic.