Finance
2 min read
First Brands’ Bankruptcy Exposes $500 Million UBS Exposure: Unsecured Creditors Unearthed Amid Complex Financing Structure
On September 29, 2025, First Brands Group, a formerly profitable manufacturer and distributor of automotive aftermarket parts, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company reported over $10…