First Brands Filed for Chapter 11 Amid $10B Debt

0
179

Despite listing between $50 million and $100 million in both assets and liabilities on its bankruptcy petition, the company insists its Chapter 11 filing is not the end of the road but a chance to refuel and rebuild.

First Brands’ bankruptcy story now enters the courtroom, where the next chapter will decide whether this auto parts giant can shift gears and stay in the race—or stall permanently.