Vinyl Me, Please confirms liquidation

Vinyl Me, Please has confirmed that it’s entered liquidation after reports of unfulfilled orders and ghosting customers this year. 

The Denver-based vinyl record club (registered as Offbeat Ventures, LLC) has assigned third party Vinyl Liquidators, LLC to handle resolving customer complaints and control VMP’s assets in the Assignment for the Benefit of Creditors (ABC) process, an alternative to filing for Chapter 7 bankruptcy, Pitchfork reports. One VMP subscriber shared a screenshot of an email notifying customers, or creditors, of the ABC on Reddit. Creditors have until 1st October to file a Proof of Claim for any outstanding orders or refunds. 

Last month, the Denver Post reported several instances of VMP, launched in 2012, customers not receiving long-term orders, despite subscription payments being routinely taken, and facing silence from the company HQ when attempting to track down the orders or seek a refund. This follows months of shake-ups within the company and its business model, including firing two C-suite employees accused of mismanaging more than $200,000 in company funds and discontinuing VMP’s signature record-of-the-month feature. 

In an email to VMP customers shared to Reddit last week, the company told subscribers, “…We are currently working through a restructuring process and it’s expected to be finalized around mid-May.” The email tried to reassure customers: “Once complete, operations will return to normal.”

Read the VMP liquidation notice in full: