October 21, 2025 - Carriox Capital II LLC and its related companies — once presented as agile financing vehicles in telecom receivables — are now buried in Chapter 11 bankruptcy filings that reveal a staggering $552 million secured debt and almost no remaining assets. https://wirelessestimator.com/articles/2025/the-great-telecom-invoice-factoring-illusion-how-new-york-financier-carriox-capital-fooled-the-money-men/

September 28, 2025 - First Brands Group, an aftermarket auto parts manufacturer, filed for Chapter 11 with over $11 billion in total liabilities, including more than $6 billion in on-balance sheet debt and approximately $2.3 billion in off-balance sheet financing. https://www.reuters.com/markets/us/auto-parts-maker-first-brands-files-bankruptcy-protection-2025-09-29/

September 10, 2025 - Auto dealer and subprime lender Tricolor announced its filing for Chapter 7 bankruptcy liquidation , a move that followed reports of alleged fraudulent activity. This announcement led to the company's operational shutdown, the temporary leave of most of its employees, and investigations into the potential double-pledging of collateral for warehouse credit lines.  https://www.reuters.com/legal/litigation/auto-dealer-tricolor-files-bankruptcy-moves-liquida