June 26, 2026
A Texas bankruptcy judge has authorized auto parts maker First Brands to form a committee of nonunion retirees for the debtor to negotiate with to downsize their life and health insurance benefits.
June 25, 2026
A lender to a New York City loft owner sought to take possession of the building after a planned credit bid sale never took place. The examiner in First Brands' Chapter 11 case will not receive any extra funding. And the liquidation trust for a debtor that conducted a Ponzi scheme wants to recover funds from three beneficiaries of what it says were ill-gotten gains.
June 17, 2026
A Texas bankruptcy judge granted a preliminary injunction on Wednesday that will require the escrow of $18 million in inventory sale proceeds in a lien superiority dispute among lenders in the First Brands Chapter 11 case.
June 17, 2026
Auto parts giant First Brands Group asked a Texas bankruptcy judge to greenlight the formation of a retired employee committee, saying it cannot keep paying retiree benefits under a proposed Chapter 11 plan.
June 15, 2026
First Brands was cleared to send its Chapter 11 plan to a creditor vote, defeating calls to convert the case to a Chapter 7 liquidation. The Supreme Court reversed a Fifth Circuit decision that barred a man from bringing a personal injury lawsuit he failed to disclose in bankruptcy. And a company linked to an alleged trafficking ring won Chapter 15 recognition.
June 12, 2026
A Texas bankruptcy judge on Friday allowed auto parts maker First Brands to send the fifth version of its Chapter 11 plan out for a vote, denying a U.S. trustee motion to scuttle the plan and dismiss or convert the case to a Chapter 7.
June 11, 2026
A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked for the imposition of an injunction that would keep the proceeds of inventory sales from being distributed.
June 08, 2026
Car parts maker First Brands Group on Monday touted a new Chapter 11 plan in Texas bankruptcy court about two weeks after a judge denied its bid to take votes on its previous effort, saying the new version gives creditors more time to vote and encompasses all the First Brands debtors instead of just one.
June 05, 2026
Texas hospital operator Sherman/Grayson and embattled auto parts maker First Brands are facing bids to dismiss or convert their Chapter 11 cases, while e-commerce brand QVC group is seeking approval for its Chapter 11 plan and Clearside Biomedical wants clearance to sell its assets.
June 04, 2026
A First Brands Group lender asked a Texas bankruptcy judge to exclude a group of First Brands affiliates from the U.S. Trustee's Office's motion to dismiss the group's Chapter 11 case, saying those entities have legal claims that are a path to paying off their debts.