First Brands bankruptcy: How legal finance can unlock value in fraud-driven Chapter 11 cases

Bankruptcy & insolvency

June 11, 2026

Samuel Kwak & Emily Slater

Summary

When allegations of fraud reshape a bankruptcy case, litigation claims may become one of the estate's most valuable assets. Legal finance can help stakeholders identify, monetize and pursue those claims, providing liquidity and supporting efforts to maximize creditor recoveries.

The recent Chapter 11 filing of First Brands Group underscores a growing trend in the restructuring market: Bankruptcy cases increasingly shaped by allegations of fraud, disputed collateral rights and competing claims over enterprise value. First Brands joins a …

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First Brands bankruptcy: How legal finance can unlock value in fraud-driven Chapter 11 cases

Summary

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