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Judge Rejects First Brands’ Plan to Pay Down Debts by Pursuing Lawsuits

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. U.S. Bankruptcy Judge Christopher Lopez said that …

Judge Rejects First Brands’ Plan to Pay Down Debts by Pursuing Lawsuits

We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.

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