Vroom, Inc. filed a prepackaged Chapter 11 in the Southern District of Texas on November 13, 2024 (Case No. 24-90571), with Judge Christopher M. Lopez presiding. The company, a publicly traded holding company with subsidiaries in non-prime auto finance (United Auto Credit Corporation) and automotive analytics (CarStory), used the chapter 11 process to equitize approximately $290.5 million in unsecured convertible senior notes due 2026 while preserving its non-debtor operating affiliates outside the bankruptcy. The filing followed a 2024 pivot away from Vroom's original direct-to-consumer used-car e-commerce model, which the company discontinued after failing to raise sufficient capital to extend its vehicle financing facility. The prepack plan was confirmed on January 8, 2025 and became effective on January 14, 2025. Noteholders received approximately 92.94% of new common stock (subject to dilution by management equity incentive plans and warrants); legacy equity holders retained approximately 7.06% plus five-year warrants at a $60.95 post-split strike price. Trade creditors and general unsecured creditors were treated as unimpaired (paid in full). The company emerged with no funded debt at the parent level and was relisted on Nasdaq Global Market on February 20, 2025 under ticker VRM.