June 02, 2026
Attorneys representing two groups of employees terminated by bankrupt auto parts maker First Brands Group asked to be put in control of mass termination litigation against the company, each saying on Tuesday that they have the necessary experience to guide the cases toward class certification.
June 01, 2026
A Delaware bankruptcy court approved home lending broker Impac Mortgage Holdings Inc.'s Chapter 11 plan, Canadian furniture company Bestar Inc. got Chapter 15 recognition and a Texas judge refused First Brands' bankruptcy plan disclosure.
May 29, 2026
Lenders to First Brands-affiliated special purpose financing vehicles entities reached a deal with Onset Financial Inc., allowing collateral to be liquidated while the parties pursue litigation to resolve competing ownership claims, they told a Texas bankruptcy judge Friday.
May 26, 2026
A Texas bankruptcy judge denied conditional approval of the Chapter 11 plan disclosure statement of car parts maker First Brands Group on Tuesday because the complicated plan proposal would not provide all creditors with their required procedural rights to review and vote on the plan.
May 22, 2026
First Brands will seek approval of its plan disclosure statement, Spirit Airlines will make a bid for postpetition financing, Bestar Inc. will seek recognition of its foreign insolvency as its primary bankruptcy proceeding, and Carbon Health will take its plan before a Texas judge for confirmation.
May 20, 2026
Auto parts maker First Brands Group will seek conditional approval of its Chapter 11 plan disclosure statement Tuesday after making significant amendments to the document prior to a Wednesday hearing in Texas bankruptcy court.
May 18, 2026
A judge rejected conspiracy theorist Alex Jones' appeal to shield assets belonging to his media business under the stay in Jones' personal Chapter 7 case. The Cannabist became the first marijuana company to secure Chapter 15 recognition of a foreign bankruptcy proceeding. And the U.S. Trustee's Office called for car parts giant First Brands' Chapter 11 case in Texas to be converted to a Chapter 7 liquidation.
May 15, 2026
QVC will seek final approval of its bankruptcy funding, e-commerce group Food52 will vie for confirmation of its liquidation plan, and First Brands Group will also court a judge's approval of its Chapter 11 plan.
May 14, 2026
The U.S. Trustee's Office is asking a Texas bankruptcy judge to convert First Brand's Chapter 11 case to a Chapter 7 liquidation, saying the auto-parts maker admitted in its proposed restructuring plan it cannot pay the expenses it has incurred during the case on time.
May 13, 2026
First Brands secured a Texas bankruptcy judge's sign-off Wednesday on the $80 million sale of Toledo Molding & Die, a deal that is expected to preserve 600 jobs and help the troubled auto parts group pay down its debt.