Archive · 22 Nov 2025
PrimaLend Creditors Halt Payments to CEO's Firm Amid Dispute
A company called PrimaLend, which lends money to car buyers with poor credit, is in big financial trouble.
Its creditors (people who loaned it money) stopped some payments to a company owned by PrimaLend's CEO.
They're arguing about who owns these payments, and a judge will decide soon.
PrimaLend says its problems started because fewer people with bad credit were buying cars.
Creditors temporarily halted monthly loan payments to BVY Partners II, a firm controlled by PrimaLend CEO Mark Jensen
Dispute centers around whether BVY owns a stake in some PrimaLend loans
PrimaLend owes creditors over $286 million
Judge to decide legitimacy of payments to BVY next month
PrimaLend blames its troubles on slowing subprime auto sales
- Who
- Creditors of PrimaLend Capital Partners, Mark Jensen (CEO)
- What
- Halted loan payments to BVY Partners II
- When
- Recently, with a court hearing scheduled for next month
- Where
- US Bankruptcy Court, Northern District of Texas (Dallas)
- Why
- Dispute over ownership of loan payments
Creditor Committee & Senior Noteholders
BVY Partners II & PrimaLend
Ownership of Loan Payments
Creditor Committee & Senior Noteholders
Challenging BVY's claims
BVY Partners II & PrimaLend
Asserting ownership based on deal with PrimaLend
- Jensen's Firm
- BVY Partners II
- Cause of Bankruptcy
- Slowing subprime auto sales