December 17, 2025
A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.
December 04, 2025
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
November 17, 2025
The recent bankruptcies of automobile lenders Tricolor and PrimaLend were the first the sector had seen in years, making them a wake-up call for the $1.66 trillion industry that appears to have been complacent for too long about internal oversight, experts told Law360.
November 13, 2025
The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings received a Texas bankruptcy court's approval Thursday to retain international law firm McDermott Will & Schulte, as well as a Dallas-based bankruptcy law firm Cavazos Hendricks Poirot PC as special counsel.
October 27, 2025
The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings can access about $275,000 in deposited checks at its headquarters to make late insurance payments, a Texas bankruptcy judge said at an emergency hearing Monday.
October 03, 2025
A Texas bankruptcy judge Friday extended the authority of the Chapter 7 trustee for subprime car lender and seller Tricolor Holdings to run the debtor's business as she attempts to secure the company's books and records and protect its assets from a loss in value.
September 18, 2025
Tricolor Holdings, a company that provides car loans to low-income buyers, has tapped a lawyer from Sidley Austin LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from McDermott Will & Schulte LLP as the debtor liquidates under pressure from more than $1 billion in debt.
September 16, 2025
Bankrupt dietary supplement company Iovate began a Chapter 15 case to protect its U.S. assets as it weighs pursuing a Canadian insolvency. A car loan lender for low-income people entered Chapter 7 with at least a billion in debt. And an aerospace manufacturer entered Chapter 11 with at least $15 million in debt to tackle.
September 10, 2025
Tricolor Holdings, a Texas-based company that provides car loans to low-income buyers, and several affiliates filed for Chapter 7 liquidation in Texas bankruptcy court Wednesday with more than $1 billion of debt.