Week In Bankruptcy

First Brands CEO Resigns, Spirit Wins $200M DIP Facility

By Yun Park · October 14, 2025, 5:07 PM EDT

Bankrupt auto parts maker First Brands' founder stepped down as CEO. Spirit Airlines won approval for $200 million in debtor-in-possession financing and a settlement with its lessor. Global Wound Care warned...

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Case Information

Case Title

Neiman Marcus Group LTD LLC

Case Number

4:20-bk-32519

Court

Texas Southern

Nature of Suit

Date Filed

May 07, 2020


Case Title

Global Wound Care Medical Group, a Professional Corporation

Case Number

4:24-bk-34908

Court

Texas Southern

Nature of Suit

Date Filed

October 21, 2024


Case Title

Zen JV, LLC

Case Number

1:25-bk-11195

Court

Delaware

Nature of Suit

Date Filed

June 24, 2025


Case Title

Spirit Aviation Holdings, Inc.

Case Number

1:25-bk-11897

Court

New York Southern

Nature of Suit

Date Filed

August 29, 2025


Case Title

First Brands Group Holdings, LLC

Case Number

4:25-bk-90397

Court

Texas Southern

Nature of Suit

Date Filed

September 28, 2025