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.
February 20, 2026
First Brands lender Onset Financial Inc. is slamming a $2.9 billion lawsuit that the embattled auto parts maker brought against Onset in Texas bankruptcy court last month, asserting it is the victim rather than a perpetrator of the fraud that sent First Brands into Chapter 11.
February 11, 2026
A former employee at a facility operated by bankrupt auto parts company First Brands Group LLC and one of its subsidiaries has sued the companies, arguing he and workers like him are owed wages and benefits because the company fired them with inadequate forewarning.
February 11, 2026
Since entering bankruptcy, auto parts company First Brands Group Holdings LLC has ridden out its Chapter 11 as the fulcrum of its own insolvency as well as acrimonious adversary proceedings and the federal prosecution of its founder and his brother regarding allegations of sweeping fraud.
February 05, 2026
A group of insurers that issued policies to bankrupt auto parts maker First Brands Group notified a Texas bankruptcy judge that they intend to appeal a January ruling on the ability of company executives to access insurance proceeds to fund their defenses in misconduct litigation.