Tricolor Auto Holdings files Chapter 7 leaving 25,000 creditors and billions at risk. Could Tricolor Auto Holdings’ bankruptcy trigger a wider financial contagion?

Tricolor Auto Holdings just blew up, and the fallout is spreading fast. What was once a quiet giant in subprime car lending has collapsed into Chapter 7 bankruptcy. Cars are gone, loans are unpaid, and billions in debt are floating …

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Chapter 11 bankruptcy filings continue trending up (Factset)

https://insight.factset.com/cautious-optimism-for-capital-markets-coming-out-of-1q24 https://www.uscourts.gov/statistics-reports/analysis-reports/bankruptcy-filings-statistics/bankruptcy-statistics-data In 2023, Chapter 11 bankruptcy filings skyrocketed by 72%, reaching a total of 6,569, as revealed by data from Epiq AACER. The surge, attributed to rising interest rates and inflation, pushed highly leveraged organizations to the brink. Additionally, …

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China Evergrande seeks Chapter 15 protection from creditors, facing 40% default rate in Chinese home sales since 2021.

⚠️CHINESE PROPERTY GIANT EVERGRANDE BANKRUPT – NY COURT — Don Johnson (@DonMiami3) August 17, 2023 WOW!CHINA’S SECOND LARGEST PROPERTY DEVELOPER #EVERGRANDE HAS JUST FILED FOR BANKRUPTCY Chapter 15 bankruptcy protection (NY) pic.twitter.com/2x9mPowevW — jeroen blokland (@jsblokland) August 17, 2023 👀 …

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