A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation.
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August 25, 2026 - 14:45 By Pharos Investment Advisors Comments are Off "Corporate", $First Brands, $Ford, $General Motors, Auto Parts
A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation.
Comments are closed.
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