Auto Parts Supplier First Brands Group Files for Bankruptcy

The company listed debts totaling between $10 billion and $50 billion in its filing.

Arrow points to the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, on Jan. 9, 2020. Brendan McDermid/Reuters

The supplier of some of the automotive industry’s most well-known aftermarket parts has filed for Chapter 11 bankruptcy protection in Houston.

Privately held First Brands Group of Rochester, Michigan, on Sept. 29 filed for bankruptcy in the Southern District of Texas in order to stabilize its business operations and maximize ongoing value, the company said.