<ul><li>Automotive finance company and digital services platform Vroom has filed for Chapter 11 bankruptcy.</li><li>Vroom plans to operate as a 'debtor-in-possession' under the jurisdiction of the bankruptcy court.</li><li>The company's subsidiaries, including United Auto Credit Corp. and CarStory, are not expected to file for Chapter 11.</li><li>Vroom aims to eliminate its unsecured notes and expects to emerge from the prepackaged Chapter 11 case by the end of the year or early 2025.</li></ul>

Vroom Files for Bankruptcy, Says Subsidiaries Not Expected to Follow

Discover more