Free Consultation | (800) 259-9010 International via WhatsApp: 713-227-2400 (text only)
Tricolor Holdings Files Chapter 7 Amid Fraud Probe: Our Investor Lawyers Investigate ABS Losses
As Tricolor Holdings Files For Chapter 7 Bankruptcy, Subprime Auto Market Investors May Have Reason To Worry. Contact Our Investor Lawyers Today To Explore Your Legal Options
With the abrupt demise of Texas subprime auto lender Tricolor Holdings, investors and its lenders are expressing concerns about how this might affect the high-risk debt market. Tricolor filed for Chapter 7 bankruptcy and intends to liquidate following reports of an alleged fraud. Federal prosecutors are investigating.
From small town dealerships to big Wall Street firms like BlackRock to JPMorgan Chase, worries are reverberating as to how this could impact the multi-billion dollar market for bundled auto loans.