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The collapse of First Brands has become more than one of the largest alleged invoice frauds in history. It is increasingly shaping how banks, factors, insurers and institutional investors approach receivables finance. What began as the bankruptcy of a US...
#asset based lending#First Brands#Fraud Prevention
First Brands Group has filed a Chapter 11 reorganisation plan and disclosure statement, marking a new stage in one of…
#asset based lending#bankruptcy#factoring
Author Igor Zaks, CFA — President, Tenzor Ltd. (tenzor.ca) For credit investors, LPs, arrangers, and counsel evaluating receivables and supply-chain…
#buyer confirmation#factoring fraud#First Brands
When Courts Rewrite Factoring Author: Igor Zaks, CFA, President, Tenzor Ltd. The collapse of First Brands Group and the investor…
#cash dominion#factoring#First Brands
Allegations linked to First Brands are raising fresh concerns about how risk is managed across receivables finance structures, particularly in…
#factoring#First Brands#fraud
The collapse of US automotive supplier First Brands is continuing to raise concerns across the receivables finance market, with the…
#ABL#asset based lending#collateral monitoring
Jefferies Financial Group has pushed back against claims made by Western Alliance Bank regarding loans linked to receivables financing tied…
#ABL#asset based lending#First Brands
US prosecutors are examining a group of telecommunications companies after HPS Investment Partners (HPS), the private credit arm of BlackRock,…
#asset-backed finance#BlackRock#fake receivables
While European banks have long integrated credit insurance into their credit risk and capital optimisation strategies, US banks have historically…
#Brown & Brown#collapse#credit insurance
The US government’s bankruptcy watchdog has requested the appointment of an independent examiner to investigate the collapse of auto parts…
#bankrupcy#First Brands
Patrick James, the founder and long-time CEO of First Brands, stepped down on Monday, just weeks after the auto parts…
#debt-finance deals#First Brands#Point Bonita
After several years of strong results, trade credit insurance — a cornerstone of receivables finance — is entering a more…
#First Brands#Igor Zaks#receivables finance
Multiple law firms launch investigations into Jefferies Financial Group (Jefferies) following US$715m exposure disclosure to the bankrupt First Brands Group,…
#First Brands#Jefferies#Point Bonita Capital