SGShane G. Ramsey

1. Article · Sep 3, 2026 · Shane G. Ramsey

   First Brands After Conversion: What the Collapse Actually Teaches Lenders and Trade Creditors (opens the original)

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   On September 1, 2026, Judge Christopher M. Lopez entered an order converting the remaining First Brands chapter 11 cases to chapter 7, a week after his August 24 bench ruling denying confirmation of the debtors’s liquidating plan. Eleven months after the automotive-aftermarket company behind FRAM, Autolite, Prestone, and Trico filed, substantially all of the operating businesses had been sold or wound down, most of the roughly $1.1 billion of new-money DIP financing was gone, and at least $222 m

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2. Article · Jul 10, 2026 · Shane G. Ramsey

   The Preference Wave Is Coming- What Vendors Should Do Now (opens the original)

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   Commercial Chapter 11 filings held near decade-high levels for the second consecutive year in 2025, with 7,940 filings according to Epiq AACER data, and 2026 opened even hotter: first-quarter commercial Chapter 11s were up 37% year over year. That headline has been widely covered. What hasn’t been covered is the mechanical consequence that follows it: the preference wave. Avoidance actions lag bankruptcy filings by twelve to twenty-four months. Trustees, liquidating trusts, and creditors’ commit

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