Cerberus-owned used-car dealer files for Chapter 11 bankruptcy

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Off Lease Only, a used-car dealer majority owned by Cerberus Capital Management LP, has filed bankruptcy and said it plans to wind down its business because of “unprecedented changes to the automotive-retail landscape.” The Florida-based company and its affiliates filed Chapter 11 on Thursday, listing assets and liabilities each of between $100 million and $500 […]





Source : AutoFinanceNews