First Brands Lenders Weigh Scrapping Firm After a Cleveland Trip

As restructuring advisory firms in Manhattan tallied their fees from untangling the First Brands wreckage, some of its creditors decided they’d seen enough. Wary of sinking more cash into the bankrupt firm, they sought reams of new information and flew to its Cleveland offices to see for themselves what was worth salvaging.

These measures underscore the urgency surrounding the fate of the ailing auto parts supplier, which has repeatedly warned that it’s days away from running out of cash.