FlexShopper, Inc., a lease-to-own retailer and payment solution provider, has decided to proceed with a Chapter 11 bankruptcy amid rising debts. Seven affiliates of the finance and e-commerce platform have also stepped into the bankruptcy process.
FlexShopper, Inc. Enters Bankruptcy Proceedings
FlexShopper, Inc. submitted its voluntary bankruptcy petition on December 22. The latest filing was made in the U.S. Bankruptcy Court for the District of Delaware, official PACER records state.
Other than FlexShopper, Inc., the seven affiliates that have participated in the latest bankruptcy process include FlexShopper, LLC; FlexLending, LLC; Flex Revolution LLC; FlexRetail, LLC; Flex TX, LLC; Flex TX Funding, LLC; and Flex TX CAB, LLC.
Attorney Robert J. Dehney of Morris, Nichols, Arsht & Tunnell LLP is offering legal representation to FlexShopper in the latest case. GlassRatner Advisory & Capital Group, LLC is the financial advisor, and Two Roads Advisors LLC is the investment banker in the case.
Apart from these, Epiq Corporate Restructuring, LLC is the Claims Agent in the Chapter 11 process.
Company Background
FlexShopper, Inc. is a national online lease-to-own (“LTO”) retailer and LTO payment solution provider for appliances, electronics, and other consumer products. Buyers can shop for their preferred items without paying the full price upfront. They can make affordable weekly or monthly payments for the purchased products. Once the plan is complete, the product is theirs to keep.
The Boca Raton, Florida-based corporation has been offering lease-to-own consumer finance and e-commerce solutions across the country for nearly 12 years.
Case Related Details
Judge Laurie Selber Silverstein is supervising the latest Chapter 11 case filed by FlexShopper, Inc. and its seven debtor affiliates.
On December 22, attorney Robert J. Dehney submitted the voluntary petition for a fee amount of $1,738. The same day, attorney Sophie Rogers Churchill, on behalf of Flex Revolution, LLC, filed a motion for joint administration of all cases of FlexShopper, Inc.’s debtor affiliates.
Here is a quick list of other related details in the case:
- Filing Date: December 22, 2025
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Delaware
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 1:25-bk-12257
- Estimated Assets: $100,001 to $500,000
- Estimated Liabilities: $50,001 to $100,000
- Reason for Filing: Reorganization of business calls for court supervision
The documents submitted by the lease-to-own retailer in the bankruptcy court include the list of creditors. As of now, FlexShopper, Inc. owes roughly 50 to 99 unsecured creditors in total, the official filing mentions.
Other documents include a motion to pay sales and use taxes, a motion to prohibit utilities from discontinuing service, a motion to pay employee wages, a motion to pay critical trade vendor claims, and several first-day motions.
The latest Chapter 11 filing highlights the financial strain facing FlexShopper as debt levels continue to rise. Its ability to restructure properly will determine if the Florida company can stay in the competitive lease-to-own market.
