Tricolor Judge Pauses Ex-CEO's Bid To Access D&O Coverage

By Alex Wittenberg · January 12, 2026, 8:09 PM EST

A Texas bankruptcy judge on Monday declined to approve former Tricolor CEO Daniel Chu's attempt to access the subprime lender's directors and officers insurance to pay for his legal expenses as...

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Bankruptcy Scorecard

Summary

Tricolor Holdings, a Texas-based company that provides car loans to low-income buyers filed for Chapter 7 liquidation in Texas bankruptcy court with more than $1 billion of debt.

Case Number

3:25-bk-33487

Judge

Michelle V. Larson

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Tricolor Holdings, LLC

Case Number

3:25-bk-33487

Court

Texas Northern

Nature of Suit

Date Filed

September 10, 2025

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