July 24, 2026
A slew of recent objections to First Brands Group's Chapter 11 plan has put fresh attention on the company's bid to pay high-ranking administrative expenses from future litigation, a structure that experts told Law360 may contravene bankruptcy rules and spook vendors in future cases.
July 24, 2026
A restaurant chain operator and a car parts maker will both go before Texas bankruptcy judges seeking confirmation of their Chapter 11 plans, and an investment platform will seek to compel its liquidation trustee to perform the role's duties.
July 20, 2026
Creditors on Monday called for First Brands to produce more information about litigation claims at the heart of its proposed Chapter 11 plan before a multiday confirmation hearing next week in Texas bankruptcy court.
July 15, 2026
Car parts giant First Brands Group told a Texas bankruptcy judge that it can't keep paying retired employee benefits past the end of July under its Chapter 11 budget, and asked for authority to stop covering life insurance, health insurance and other benefits.
July 02, 2026
A Texas bankruptcy judge on Thursday signed off on auto parts-maker First Brands Group's sale of its Jasper Rubber business for $8 million, after two parties reached a deal that partly cleared their dispute over machinery included in the deal.
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.