March 24, 2026
First Brands has asked a Texas bankruptcy judge to let the auto parts supplier wind down some of its remaining businesses, including several brake components brands and its Autolite spark plug unit.
March 18, 2026
A Texas bankruptcy judge Wednesday allowed car parts maker First Brands to head back to mediation over a Chapter 11 case resolution, but cautioned he might not grant more extensions in the future.
March 16, 2026
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
March 13, 2026
A Texas bankruptcy judge Friday approved the sale of First Brands' small engine part group Walbro as the car parts giant continues stakeholder talks in hopes of charting a consensual course out of Chapter 11.
March 12, 2026
Attorneys and other professionals working on the bankruptcy of car parts supplier First Brands Group tallied more than $132 million of fees and expenses in just over the first three months of the case, according to court filings.
March 12, 2026
A Texas bankruptcy judge directed auto parts supplier First Brands Group on Thursday to transfer $25.7 million back into a segregated account set aside for third-party factoring lender claims to provide those lenders with adequate protection of their collateral.
March 10, 2026
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
March 09, 2026
Financially troubled auto parts maker First Brands Group told a Texas bankruptcy judge Monday that a third-party factoring lender is protected by cash in segregated bank accounts that the debtor said provide an adequate liquidity cushion for the factor, opposing a request to require it to set aside $60.5 million to safeguard the creditor's recovery.
March 03, 2026
A third-party factor lender to embattled auto parts-maker First Brands Group wants the debtor to set aside $60.5 million in cash to ensure the lender is adequately protected, saying First Brands is relying on funds that may be promised to other factors to make guarantees about the factor's collateral.
February 27, 2026
Troubled auto parts manufacturer First Brands plans to sell four of its business units as going concerns, attorneys told a Texas bankruptcy judge on Friday, explaining that information about alleged fraud had scuttled hopes of reorganizing the business in Chapter 11.