Classic Car Spa runs out of gas

Several locations of the Classic Car Spa car wash and their Arizona parent company, Asset Acquisition LLC., recently filed for bankruptcy.


Several locations of the Classic Car Spa car wash and their Arizona parent company, Asset Acquisition LLC., recently filed for bankruptcy.

The filing says "the debtor has estimated assets between $1 million and $10 million” Three creditors with secured claims are listed: Desert Schools Federal Credit Union at $6,225,921, KS State Bank at $152,012 and the Maricopa County Treasurer at $68,958.

The Arizona company has four locations in the state, but only four had filed for bankruptcy as of press time.

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