Vinyl Me, Please verify they’ve gone into liquidation
Vinyl Me, Please has confirmed that it has entered liquidation.
It comes as information of the corporate struggling was first shared by the Denver Post. Within the report, a number of prospects got here ahead to say that that they had filed complaints towards VMP, accusing them of not sending out paid orders, ignoring questions and enquiries, and never acknowledging requests for refunds.
Now, the Denver-based firm – which is registered as Offbeat Ventures, LLC – has assigned the complaints to third-party Vinyl Liquidators, LLC. It has additionally handed over management of belongings as a part of an Project for the Advantage of Collectors (ABC) course of, which is a substitute for submitting for chapter.
Affirmation of this was shared with some prospects who reached out. One shared a screenshot of the e-mail replace through Reddit, and it outlined that collectors have till October 1 to file a declare for any excellent orders or refunds.
“As a buyer (and creditor) of Vinyl Me, Please (the “Firm”), we needed to let you realize that on April 4, 2025, the Firm commenced an Project for the Advantage of Collectors (ABC),” the e-mail learn.
“The ABC course of is led by an impartial fiduciary who’s known as the Assignee. The Assignee has undertaken a course of involving the sale of the enterprise,” it added. “We count on that on the conclusion of the sale course of, the client of the Firm’s enterprise will attempt to resolve excellent and future orders the place possible. We anticipate this sale course of will conclude by mid-Could, 2025 with additional particulars to comply with.”
Just got this bankruptcy email from VMP
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Later within the replace, it goes into better element about how the ABC is a substitute for a chapter process. Discover the complete assertion above.
The monetary battle for VMP comes because the enterprise not too long ago underwent some drastic adjustments, together with the scrapping of the record-of-the-month membership format, lawsuits arising, and employees layoffs.
Within the first run of complaints that have been highlighted by Denver Submit final month, one subscriber shared how he was over $1,000 (£750) by the corporate as a consequence of lacking pre-orders and membership charges. This, he stated was “particularly disheartening” as he has had a membership for over a decade.
In a earlier assertion, VMP issued prospects an apology for the “ongoing service hiccups” and stated that the problems stemmed from a “restructuring course of”. It then added that lacking orders from April could be despatched out this month.
Vinyl Me, Please has not responded to NME’s request for remark at time of writing.