Vinyl Me Pauly (store, exclusives, swaps, etc)

Got this in my email. I haven't been a customer in over 2 years.

[td]
As a customer (and creditor) of Vinyl Me, Please (the “Company”), we wanted to let you know that on April 4, 2025, the Company commenced an Assignment for the Benefit of Creditors (ABC).

The ABC process is led by an independent fiduciary who is referred to as the Assignee. The Assignee has undertaken a process involving the sale of the business. We expect that at the conclusion of the sale process, the buyer of the Company’s business will try to resolve outstanding and future orders where feasible. We anticipate this sale process will conclude by mid-May, 2025 with further details to follow.

Sincerely,

Vinyl Me, Please

​
​
​
[/td]
[td]
TO THE CREDITORS OF OFFBEAT VENTURES, LLC d/b/a VINYL ME, PLEASE:

Please be advised that on April 4, 2025, Offbeat Ventures, LLC d/b/a Vinyl Me, Please, (“Assignor”) executed a general assignment for the benefit of its creditors (“ABC”) in favor of Vinyl Liquidation, LLC (“Assignee”) under California law. A copy of the assignment is available online as indicated below.

An ABC is a means of concluding the affairs of an insolvent debtor as an alternative to a Chapter 7 bankruptcy procedure. In an ABC, the Assignor transfers all of its assets to the Assignee in trust for liquidation. Net proceeds (if any) are then distributed to creditors who file timely claims, as indicated below. Experience has demonstrated that the recovery for creditors is usually much greater in ABC’s, and administrative expenses tend to be lower, when compared with the average bankruptcy.

All individuals or entities who wish to assert a claim must file a Proof of Claim (“Claim”) form before the date indicated below. Creditors should be aware that pursuant to California law, the last day to return the Proof of Claim form to this office is OCTOBER 1, 2025. Claims submitted after that date may not be allowed and may not participate in any distribution from the Assignee.

Claim forms can be submitted as follows:
  • Completed and submitted online at resolutionfa.com (click on the “Creditor Portal”). When using the Creditor Portal to file a claim or request documents, you will need to insert the Case Number: 2504VINY108 (case sensitive).
Or
  • Request a copy of the claim form from the email in the signature box below, and submit it via US mail to:
Vinyl Liquidation, LLC
3435 E Thousand Oaks Blvd, Unit 6039
Thousand Oaks, CA 91359

Please note that receipt of this letter does not mean that the Assignee agrees that you hold a valid claim in the Assignment estate, or that sufficient funds will be available to distribute to any creditor. A further report on the status of the Assignee’s liquidation of the assets will follow in approximately 180 days.

Sincerely,

Ryan Small
VINYL@RESOLUTIONFA.COM​
​
[/td]
 
jamieanderson1968 said:
Just got my ABC email. Buh bye VMP.

I am going to fight tooth and nail to get all of my credit owed to me: $4.25
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Trying to work out if this is the vinyl bubble bursting or whether it's just another company who overreached and paid the price?

Not sure what the lasting legacy will be here though other than a new normal of sky high prices and a series of (in some cases excellent) re-issues that may or may not have come about anyway. Although I do love my Alicia Keys note
 
Rowan said:
Trying to work out if this is the vinyl bubble bursting or whether it's just another company who overreached and paid the price?

Not sure what the lasting legacy will be here though other than a new normal of sky high prices and a series of (in some cases excellent) re-issues that may or may not have come about anyway. Although I do love my Alicia Keys note
Click to expand...
It’s a company that was poorly managed and made some bad decisions during the Cam years. They also proved to be too successful early on causing the labels to realize they could just do this kind of thing themselves. There was nothing proprietary about VMP so labels could just run them out of business by increasing licensing fees or not licensing desirable albums
 
Rowan said:
Trying to work out if this is the vinyl bubble bursting or whether it's just another company who overreached and paid the price?

Not sure what the lasting legacy will be here though other than a new normal of sky high prices and a series of (in some cases excellent) re-issues that may or may not have come about anyway. Although I do love my Alicia Keys note
Click to expand...
Overreach, poor management, poor pricing, and the pressing plant fiasco.
 
mdmost said:
Got this in my email. I haven't been a customer in over 2 years.



[td]
​
​
As a customer (and creditor) of Vinyl Me, Please (the “Company”), we wanted to let you know that on April 4, 2025, the Company commenced an Assignment for the Benefit of Creditors (ABC).

The ABC process is led by an independent fiduciary who is referred to as the Assignee. The Assignee has undertaken a process involving the sale of the business. We expect that at the conclusion of the sale process, the buyer of the Company’s business will try to resolve outstanding and future orders where feasible. We anticipate this sale process will conclude by mid-May, 2025 with further details to follow.

Sincerely,

Vinyl Me, Please



​



​

[/td]



[td]
TO THE CREDITORS OF OFFBEAT VENTURES, LLC d/b/a VINYL ME, PLEASE:

Please be advised that on April 4, 2025, Offbeat Ventures, LLC d/b/a Vinyl Me, Please, (“Assignor”) executed a general assignment for the benefit of its creditors (“ABC”) in favor of Vinyl Liquidation, LLC (“Assignee”) under California law. A copy of the assignment is available online as indicated below.

An ABC is a means of concluding the affairs of an insolvent debtor as an alternative to a Chapter 7 bankruptcy procedure. In an ABC, the Assignor transfers all of its assets to the Assignee in trust for liquidation. Net proceeds (if any) are then distributed to creditors who file timely claims, as indicated below. Experience has demonstrated that the recovery for creditors is usually much greater in ABC’s, and administrative expenses tend to be lower, when compared with the average bankruptcy.

All individuals or entities who wish to assert a claim must file a Proof of Claim (“Claim”) form before the date indicated below. Creditors should be aware that pursuant to California law, the last day to return the Proof of Claim form to this office is OCTOBER 1, 2025. Claims submitted after that date may not be allowed and may not participate in any distribution from the Assignee.

Claim forms can be submitted as follows:
​
  • Completed and submitted online at resolutionfa.com (click on the “Creditor Portal”). When using the Creditor Portal to file a claim or request documents, you will need to insert the Case Number: 2504VINY108 (case sensitive).

Or
​
  • Request a copy of the claim form from the email in the signature box below, and submit it via US mail to:

Vinyl Liquidation, LLC
3435 E Thousand Oaks Blvd, Unit 6039
Thousand Oaks, CA 91359

Please note that receipt of this letter does not mean that the Assignee agrees that you hold a valid claim in the Assignment estate, or that sufficient funds will be available to distribute to any creditor. A further report on the status of the Assignee’s liquidation of the assets will follow in approximately 180 days.

Sincerely,

Ryan Small
VINYL@RESOLUTIONFA.COM​



​

[/td]
Click to expand...
I got it too and I left in November and have no outstanding orders or credit.
 
MikeH said:
My buddy got an email from Nick Alt aka dude from VNYL as they are apparently thinking of acquiring the VMP assets…
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Yeah I have gotten a total of 2 of my records from Nick, so yeah no and I will be surprised if I get any more of them. I had ordered Weather Station and that was never sent to me even though I think that is one of the ones they sent out. I hate all records clubs at the moment minus Magnolia.
 
I dunno if I did it right, but I submitted a claim for my Toussaint preorder. I'm pretty sure it's beyond the timeframe in which I can do a chargeback and of course they didn't answer my request for a refund like two weeks ago.
 
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