Bankruptcy gave Erin Spencer room to breathe, but rebuilding took discipline. Now she’s sharing what she wishes she knew before filing.

When the housing industry collapsed in 2008, much of the blame fell on subprime lenders who issued loans that customers could not afford once the economy took a downturn. That led to a huge number of ...

Subprime auto lender Tricolor Holdings has filed for a bankruptcy liquidation as its securitization partner Fifth Third Bank prepares to take an up to $200 million loss on loans tied to the company.

Tricolor didn’t give a reason for its collapse in the Chapter 7 filing, Bloomberg reported Wednesday. According to the Bloomberg report, the company’s filing claimed liabilities between $1 billion and ...

PrimaLend, which provides financing to so-called buy-here-pay-here auto dealerships, filed for bankruptcy Wednesday, aiming to sell itself under chapter 11 while maintaining its operations. Plano, ...

The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...

Bankruptcy filings climbed 14% year-over-year in April, and the industry is pointing toward auto financing as part of the cause. According to data provided by Epiq AACER, total bankruptcy filings came ...