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Home » Judge: Tricolor trustee may use $275K to pay insurance costs

Judge: Tricolor trustee may use $275K to pay insurance costs

Insurance on 8K Tricolor vehicles is past due  

Aidan BushbyAidan Bush
November 13, 2025
in Risk Management
Reading Time: 3 mins read
0
A Tricolor Auto dealership. Photographer: Julie Fine/Bloomberg

A Tricolor Auto dealership. Photographer: Julie Fine/Bloomberg

Tricolor Holdings trustee Anne Burns can use up to $275,000 of the company’s cash to keep up insurance on Tricolor’s cars and keep some former staff, a judge ruled this week. The Oct. 27 order allows Burns to pay AFCO Credit Corp. for two months of insurance, and continue paying two former Tricolor staff members […]

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Tags: Auto Dealer ActivityFifth Third BankJPMorgan ChaseOrigin BankPremiumTricolorvervent
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