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Tricolor Car Buyers Trusted TikTok Hero With Criminal Past
In Francisco Aguirre’s telling, he thought it was odd that a friend described buying a car from Tricolor Holdings that came without a license plate.
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Tricolor Implosion Pits Wall Street Against Immigrant Car Buyers
Borrowers have filed motions seeking to have their loans suspended until a federal court decides how to divvy up payments, but getting relief won’t be easy. US bankruptcy judge Michelle Larson has ruled that anyone who wants to suspend loan payments while they pursue legal action against Tricolor must pay a $199 court fee, hire…
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Nikola Bankruptcy Appeal Tests the Reach of Trump’s Pardon Power
Milton is trying to use the “full and unconditional” pardon the president awarded him last spring to test new limits in court and, with it, the centuries-old concept of the separation of powers.
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Bourbon, Monet, and Tax Credits Find a Niche Market in Bankruptcy
Bourbon is just one example of the increasingly eclectic, and often difficult to value, classes of assets being offered for sale through the bankruptcy marketplace. Alongside real estate, unused tax credits, intellectual property, and unpaid judgments, debtors across the financial spectrum have offered a 1990 Ferrari F40, private jets, thoroughbred horses, crypto accounts, and even…
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Private Lender Moves Risk Extend-and-Pretend Path to Bankruptcy
Private credit lenders are easing loan terms on existing deals in hopes of staving off costly restructurings, at the risk of an extend-and-pretend dynamic that masks deeper economic strains.
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23andMe Clients Navigate Uncertain Future Two Years After Breach
23andMe brought unique privacy issues to bankruptcy. Unlike mass tort bankruptcies—such as Georgia-Pacific unit Bestwall, which faces asbestos claims, or Purdue Pharma opioid lawsuits—the harm mainly involves identity theft or nation-state misuse.