[cityhantam]

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[cityhantam]

https://share.google/zRBWWvcDMQbhu5oDB




Tricolor reported liabilities between $1 billion and $10 billion in its bankruptcy filing.

Numerous Creditors:
The company listed more than 25,000 creditors, including commercial banks, transportation companies, body shops, and other service providers, according to Auto Remarketing.

The trustee overseeing bankrupt Tricolor Holdings is seeking control of roughly 100,000 subprime auto loans originated by the lender, looking to hold them under court supervision while determining how to distribute proceeds to creditors. Tricolor filed for bankruptcy on Sept.

[cityhantam]

https://www.msn.com/en-us/money/companie...NewsBrowse




The company reported assets in the range of $1 billion to $10 billion, but liabilities are significantly higher, between $10 billion and $50 billion.

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[revealer]

There r speculations about auto loan crisis happening in the US.  This chart shows the auto loan is just about 10% the size of housing or mortgage loan. If the housing loan crisis did not totally crash the US economy in 2008,  it is unlikely the auto loan crisis will crash the economy this time round IMHO. This is especially true when they hv put in place stress testing system for banks since the 2008 crisis.