Auto Dealer Tricolor Files for Chapter 7 Bankruptcy Liquidation

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-liquidate-2025-09-10/