First Brands Windup Should Be Run by Trustee to Lower Costs, US Says
Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced...
By Steven Church, Jonathan Randles · Bloomberg Markets
Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers are charging, federal officials argued in a court filing.