Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, <a href="https://www.wsj.com/business/first-brands-collapse-patrick-james-306d7869?gaa_at=eafs&gaa_n=AWEtsqf8Yhm39wlw1f1Ugxj0pGCBJY1T0EGq8aPvKbFHSdN5V8xsqZ0EFMmyc6O8-rs%3D&gaa_ts=68f64ad6&gaa_sig=AV89osbNMCpbzZJ0qebDfcZnyMksvRL2-sGsk2HNUw0CAE0FhjL1o1ntfkSvzFCuZsKKw3PGsIPVi6-uNhBdJw%3D%3D?mod=WSJ_TJPOD">declared bankruptcy last month</a>. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s <a href="https://www.wsj.com/news/author/alexander-gladstone?gaa_at=eafs&gaa_n=AWEtsqfPKO-FmIpxQp3zUsB5WtPFoC5IKGjtGbpmwR_kKBWRFlC0KE52pHQAg1EgEvI%3D&gaa_ts=68ffb70d&gaa_sig=udROtWPRvgDbMSQAnme310FoubrwE0vCdmBp4Rc2s5eM45S2OVxLkOyQAuLQPIXKEL-zgfh77nQzkIPHAFRrag%3D%3D?mod=WSJ_TJPOD">Alexander Gladstone</a> says the bankruptcy is having an <a href="https://www.wsj.com/finance/how-jefferies-found-itself-at-the-center-of-first-brands-collapse-290f0a74?gaa_at=eafs&gaa_n=AWEtsqf6rIySmjAP_DbfU__TRr4uSzRJuygPMSfvuN1VDA7HRDb2oRrC_DuqqD5Z1ds%3D&gaa_ts=68f65a95&gaa_sig=4VAc1UWXNRMAXghmmD8VIoMs-UJM6rNQKnHX-o9fi4YovT9-GfkUisB8Zmzmob02fCXTzSg6jahlM23tWZXTBA%3D%3D?mod=WSJ_TJPOD">impact on the company’s lenders and on Wall Street</a>. <a href="https://www.wsj.com/news/author/ryan-knutson?mod=WSJ_TJPOD">Ryan Knutson</a> hosts.

Further Listening: 
- <a href="https://open.spotify.com/episode/6Rxg8DpNzIqmzjl8Gcdi81?si=94e9b063a20a4506">Trump’s Tariffs Cause Chaos in Auto Industry</a> 
- <a href="https://open.spotify.com/episode/1DYObikm6q9aOv2exu7dXV?si=dbe243981f70475e">How Spirit Airlines Landed in Bankruptcy</a> 

Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>. 
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