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Hiltzik: The sudden financial collapse of this big auto parts firm points to the next market meltdown
Yahoo Finance·2025-10-21 18:00

It's certain, however, that tracing the missing money is going to be a focus for the creditors. On Oct. 2, a lawyer for one of the bigger creditors put two questions to the lawyers for the bankruptcy estate by email, inquiring about 1.9billioninmissingfunds:"First,doweknowwhetherFBG[FirstBrandsGroup]actuallyreceived1.9 billion in missing funds : "First, do we know whether FBG [First Brands Group] actually received 1.9 billion (no matter what happened to it)? Second, would you tell us how much is in the segregated accounts in respect of the factored receivables as of today?"No one seems t ...