Servicer view of 'largest Chapter 7 bankruptcy in history'

About this episode

David Johnson from Vervent discusses the impact of Tricolor's bankruptcy on cash collection and servicing.

Vervent explains how Tricolor warehouse and ABS deal servicing work. David Johnson, chief executive of Vervent, joined Another Fine Mezz at the SF Vegas conference to talk about its work keeping cash collection going following the bankruptcy of Texas-based sub-prime auto lender Tricolor last September. Johnson told senior securitization reporter Chadwick Van Estrop that at the time of the bankruptcy filing, about 10,000 cars, some pledged as collateral against warehouse or ABS lines of credit...

People in this episode

Hosts: George Smith, Tom Hall

Guest: David Johnson

Topics covered

• bankruptcy
• auto lending
• securitization
• cash collection
• warehouse financing
• ABS deals

Keywords

• Chapter 7 bankruptcy
• Tricolor
• Vervent
• auto lender
• securitization
• cash collection
• ABS
• warehouse financing

Mentioned in this episode

Organizations: Vervent, Tricolor, Another Fine Mezz

More episodes of Another Fine Mezz

• A new Frontier · June 2, 2026 · 23 min
• Motor finance blues · May 26, 2026 · 23 min
• A SaaS loan sat on the wall · May 19, 2026 · 21 min
• I’ll have the CLO equity please · May 12, 2026 · 22 min
• PGIM’s Edwin Wilches on securitization regulation · May 5, 2026 · 26 min
• How many carats? · April 27, 2026 · 21 min