First Brands creditors claim ‘two-man’ firm enabled founder’s brother’s fee windfall
Helios Strategic Advisors is latest firm drawn into scandal over bankrupt US auto parts maker
Helios Strategic Advisors is latest firm drawn into scandal over bankrupt US auto parts maker

Estate of bankrupt car parts maker alleges ‘unlawful scheme to defraud creditors out of billions of dollars’

Some creditors want an independent trustee involved in car parts maker’s bankruptcy process

Company considers bankruptcy as its finances worsen

Bankrupt car parts maker only has enough money to operate through end of January as advisers race to raise capital

Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar

Collapse of automotive parts supplier puts spotlight on arcane practice of working capital finance