EAST HANOVER, N.J. MEMA Financial Services Group (MFSG) has reported that Strauss Discount Auto declared Chapter 11 bankruptcy on June 4. All locations of the business have been closed and, according to a Strauss executive, there are parties interested in acquiring portions of the business.
MFSG encourages any vendor with recent sales to file a reclamation or 503(b)(9) claim. MFSG will continue to provide updates on this bankruptcy case as details become available.
Editor’s Note: MEMA Financial Services Group is the wholly owned credit reporting subsidiary of MEMA. For more information, visit www.memafsg.com.