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Off lease only, a used car dealership based in west palm beach, has closed all of its locations after filing for bankruptcy, putting 466 people out of work in florida. On september 7, 2023 (the petition date), off lease only llc and two affiliated debtors (collectively, the debtors) filed voluntary petitions for relief under chapter 11 of the united states bankruptcy code. Hundreds of employees have been left stunned after a longtime car dealership filed for bankruptcy
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Off lease only, a used car dealership, abruptly shuttered all of its locations on september 7 after filing for chapter 11 bankruptcy. Off lease only filed for chapter 11 bankruptcy this week and terminated all of its employees Used car dealership group off lease only files for bankruptcy, lets go of its employees off lease only announced it has voluntarily filed for chapter 11 bankruptcy.
Off lease only has explored a range of strategic options
However, industry headwinds coupled with the decreased affordability of used vehicles have necessitated the decision to pursue an orderly. Off lease only, a popular used car dealership, has filed for bankruptcy and closed all of its florida locations, including one in orlando, effective immediately.
