First Brand Chapter 11 Case Including Jasper Rubber Heads Toward Final Approval

On June 15, 2026, a bankruptcy court notice was filed in the ongoing Chapter 11 bankruptcy proceedings for First Brands Group and its affiliated companies. The notice, filed June 15 in the U.S. Bankruptcy Court for the Southern District of Texas, notified creditors and other interested parties that the court has conditionally approved the company's disclosure statement, authorized solicitation of creditor votes on its proposed reorganization plan, and scheduled a July 28 confirmation hearing. The document also established the schedule for creditors to vote and object before the plan is considered for final confirmation. 

The filing is largely procedural, but also represents another significant milestone in the bankruptcy. Conditional approval of the disclosure statement means the court has determined creditors have enough information to evaluate the proposed restructuring. The next major step is the July 28 confirmation hearing, where the court will determine whether the reorganization plan can take effect. Although many First Brands assets have already been sold, including the proposed sale of Jasper Rubber's assets, the broader Chapter 11 case is advancing toward confirmation of the company's overall restructuring plan. 

The court conditionally approved the disclosure statement on June 12. The disclosure statement is used to explain the proposed Chapter 11 plan to creditors before they vote. The confirmation hearing, which will decide whether to approve the reorganization plan, is scheduled for July 28, 2026, at 9 a.m. Central Time. The Honorable Christopher M. Lopez, United States Bankruptcy Judge, will hear the case in the Bankruptcy Court for the Southern District of Texas in Courtroom 401, 4th Floor, at 515 Rusk Street in Houston, Texas. 

Creditors eligible to vote on the plan must do so based on claims held as of June 15, 2026, the voting record date. The filing establishes procedures and deadlines for submitting ballots regarding the reorganization plan, objecting to plan confirmation, participating in an administrative expense claims consent program, and opting into a preference settlement program for qualifying trade creditors. The notice applies to First Brands Group and dozens of affiliated debtors, including Jasper Rubber Products Inc., which remains part of the jointly administered bankruptcy cases. 

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