The Davis Speight lawsuits arise from the December 2024 collapse of Reserve Auto Group, his used car dealership in The Colony, Texas. Speight has been sued by a consumer in Denton County, sued in New York by a factoring company that holds his personal guarantee, and pulled into Chapter 7 bankruptcy both as the dealership’s owner and personally. He received a personal discharge on February 20, 2026, but one creditor, Vero Finance Technologies, is now suing inside the bankruptcy to keep its debt alive on fraud grounds.1Docket Alarm. Davis Speight, Case 3:25-bk-346002PACER Monitor. Vero Finance Technologies, Inc. v. Speight
What Reserve Auto Group Is Accused of Doing
The Colony Police Department opened a fraud investigation after its first complaint on January 31, 2025, though the alleged conduct dates to late 2023. Customers say Reserve Auto Group told them to write separate checks for aftermarket warranties and GAP insurance, then cashed the checks without paying the third-party providers. Buyers thought they had coverage; they had none. DOWC Administrative Services LLC, a warranty administrator, confirmed at least one contract was never activated because the dealership never remitted payment. As of the June 2025 CBS News report, no arrests had been made, and Speight’s attorney, Benjamin Palatiere of Herrin Law, declined to comment.3CBS News Texas. Police Investigate Auto Fraud in The Colony
Those allegations are the backdrop to the civil cases now working through the courts.
Craft v. Reserve Auto Group in Denton County
On March 13, 2025, Quanetia Craft filed a commercial contract suit in Denton County District Court against Reserve Auto Group, Davis Speight, and Resource One Credit Union. The case was assigned to Judge James S. Johnson. Multiple attempts to serve the dealership failed, and Craft moved for substituted service. On September 4, 2025, the court entered an agreed order of partial dismissal with prejudice as to Resource One Credit Union, leaving the claims against Speight and Reserve Auto Group active. The case remained open as of late 2025.4UniCourt. Craft vs. Reserve Auto Group, LLC, Davis Speight and Resource One Credit Union
MCA Servicing Company v. Reserve Auto Group in New York
A creditor suit landed the same window. On January 31, 2025, MCA Servicing Company sued in the Supreme Court of Monroe County, New York, naming Reserve Auto Group, Reserve Customs and Service LLC, Luxury Endeavors LLC, and Speight personally as a guarantor. The commercial division factoring dispute was assigned to Judge Daniel J. Doyle. In September 2025, MCA moved for summary judgment and default judgment, attaching a settlement agreement, a revenue-purchase agreement, proof of funding, transactional history, and ACH rejection reports. A motion hearing was scheduled for December 22, 2026.5Trellis Law. MCA Servicing Company v. Reserve Auto Group, LLC et al.
The Two Bankruptcies
Reserve Auto Group filed for Chapter 7 on June 12, 2025, in the U.S. Bankruptcy Court for the Northern District of Texas (Case No. 25-32164-sgj7) before Chief Bankruptcy Judge Stacey G. Jernigan. Scheduled claims totaled $12,210,510.47, all set to be discharged without payment. Trustee Anne Elizabeth Burns filed a report of no distribution on April 28, 2026, reporting abandoned assets of $5.00 and declaring the estate fully administered.6BK Alerts. Bankruptcy Case Reserve Auto Group LLC and Pinnacle Business Funding LLC
Speight filed personal Chapter 7 on November 20, 2025, in the same court (Case No. 3:25-bk-34600), designated as a no-asset case. The trustee’s report of no distribution was filed on December 22, 2025. The case was briefly dismissed on January 14, 2026, then the dismissal was vacated and the case reinstated on February 10, 2026. Automatic discharge of the debtor was entered on February 20, 2026.1Docket Alarm. Davis Speight, Case 3:25-bk-34600
For most creditors, that discharge is the end of collection. For one, it isn’t.
The Vero Finance Adversary Proceeding
On February 17, 2026, three days before Speight’s discharge issued, Vero Finance Technologies, Inc. filed an adversary proceeding (Case No. 3:26-ap-03014) asking Judge Michelle V. Larson to hold that the debt Speight owes it cannot be discharged. The complaint alleges three grounds under the Bankruptcy Code: fraud involving false pretenses or false representations under Section 523(a)(2); fraud in a fiduciary capacity, embezzlement, or larceny under Section 523(a)(4); and willful and malicious injury under Section 523(a)(6). Speight answered on April 8, 2026, and a trial docket call was scheduled for August 4, 2026.2PACER Monitor. Vero Finance Technologies, Inc. v. Speight
If the court finds for Vero Finance on any of the three grounds, the debt survives Speight’s personal discharge and Vero Finance can keep collecting.
Other Entities Named With Speight
Court filings tie Speight to several LLCs beyond Reserve Auto Group. The New York MCA case names Reserve Customs and Service LLC and Luxury Endeavors LLC as co-defendants, with Speight as personal guarantor.5Trellis Law. MCA Servicing Company v. Reserve Auto Group, LLC et al. The Reserve Auto Group bankruptcy caption also references Pinnacle Business Funding LLC.6BK Alerts. Bankruptcy Case Reserve Auto Group LLC and Pinnacle Business Funding LLC The available records do not show formation dates, registered agents, or the current status of those entities beyond their appearance in this litigation.