Aleksandr Tovstanovskiy
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March 31, 2026
Catching Up With New Bankruptcy Case Action
New dominoes fell as part of auto parts maker First Brands' bankruptcy, with three foreign subsidiaries of the company hitting Chapter 11 in Texas. Meanwhile, the owner of an upscale California mall and a residential real estate investment firm based in central New York sought bankruptcy protection following foreclosures. And a concrete truck supplier in Texas launched its own bankruptcy, saying immigration enforcement has weighed down its business.
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March 24, 2026
Ch. 11 Cases Follow Auto Loan Fraud Claims From Stellantis
Two new Chapter 11 cases have come on the heels of a lawsuit brought by a Stellantis unit, which alleged the debtors committed auto lending fraud by double-pledging collateral and keeping a fake set of books intended to dupe the lender into providing more financing.