Tricolor Bankruptcy Trustee Seeking Locations of Cars, Cash

The trustee overseeing Tricolor’s liquidation proceedings lacks “critical” information about the company’s financials, complicating her team’s effort to start selling assets, according to a court filing.

• Lawyers representing bankrupt subprime auto lender Tricolor haven’t provided any financial information to the newly appointed trustee, Anne Burns, about the business, attorneys for the trustee said in the filing
  • That includes locations of assets and funds; whether physical assets such as cars are in secure locations or “vanishing without a trace”; the status of cars inside closed service centers and other pieces of information
• Since the Chapter 7 filing, “an undetermined amount ...