Tricolor Auto Acceptance’s Chapter 7 bankruptcy in September and the Department of Justice’s subsequent fraud investigation ...
How Long After Bankruptcy Can I Buy a Car? Those who have filed for bankruptcy may have concerns about when they will be able to make major purchases like buying a car. The solution to this issue is ...
Prosecutors charged Tricolor founder Daniel Chu and others with double-pledging collateral and deceiving major banks, causing ...
Subprime auto financing is getting much more complex, from underwriting to securitizations. Likely connected with fallout from last week’s Tricolor Holdings’ Chapter 7 bankruptcy, Credit Acceptance ...
The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...
Prosecutors allege that executives at the chain of used car dealerships engaged in "a series of frauds directed at each of ...
HOUSTON — A Texas-based auto dealer and lender that once billed itself as a financial lifeline for underserved buyers is now bankrupt, leaving thousands of customers with unanswered questions.
Tricolor Auto Holdings, a Dallas-based chain of used-car dealerships and a major subprime auto lender, has filed for Chapter 7 bankruptcy and will liquidate its assets, ending operations that once ...
First Brands Group has appealed to lenders for as much as $800 million in new financing to keep the auto-parts supplier afloat long enough to restructure in bankruptcy court.
Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Lenders to the Rochester Hills-based parent company of the ...
Explore how special financing helps car buyers with bad credit obtain loans, its advantages and drawbacks, and how to ensure ...