September 01, 2026
A group of affiliates of Evolution Credit Partners filed their own version of a Chapter 7 conversion order in the bankruptcy case of First Brands Group, saying the debtor's proposal does not preserve any rights to disputed collateral and assumes the payment of the debtor's professional fees.
August 25, 2026
While First Brands sought to follow a Chapter 11 plan strategy like the one employed by Steward Health Care that aimed to pay professionals out of recoveries from future litigation, experts — and the judge himself — said the speculative nature of the strategy was a step too far for confirmation.
August 24, 2026
A Texas bankruptcy judge on Monday rejected First Brands Group's Chapter 11 plan and converted its case to a Chapter 7 liquidation, ruling that the company's bid to pay administrative creditors from the proceeds of future litigation was not feasible.
August 21, 2026
A Texas bankruptcy court will rule on whether to confirm car parts giant First Brands' contested Chapter 11 plan. Insurance group Hallmark Financial Services and a Polish solar energy project investor will ask bankruptcy judges to confirm their Chapter 11 plans. And a life sciences group will urge a court to halt pending litigation in the Cayman Islands.
August 07, 2026
Auto parts maker First Brands Group told a Texas bankruptcy judge Friday its Chapter 11 plan is reasonable and offers creditors the best chance of recovering on billions of dollars worth of claims, defending the deal against a spate of objections during closing arguments in a trial on plan confirmation.
July 30, 2026
An affiliate of American Efficient sued another organization in a bid to claw back about $10.2 million in Chapter 11, a Texas federal judge shot down an appeal stemming from auto parts company First Brands' bankruptcy and Sidley Austin LLP argued it was eligible to represent Genesis Healthcare.
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.