First Brands Lender Can’t Distribute Cash From Bankruptcy Sales

First Brands Lender Can’t Distribute Cash From Bankruptcy Sales Aequum Capital Financial II is temporarily barred from distributing any cash it collects from the inventory sales taking place as part of bankrupt auto-parts supplier First Brands’ liquidation, a judge ruled Wednesday. The decision is an early victory for Bank of America in its lawsuit against Aequum. The two lenders each claim collateral rights over car parts built by First Brands. Aequum has been trying to sell the inventory in order to repay more than $40 million that an affiliate of First Brands owes on a revolving credit line. [Image text:] FRAM DRIVE FRAM FILTRE AAIR DU MOTEUR FILTRO DE AIRE DEL MOTOR DRIVE ENGINE AIR FILTER SRAM FRAM DRIVE FRAM DRIVE ACL FRAM DRIVE FILTREAAIR DU MOTEUR FRAMFDA10242 ENGINE AIR FILTER FDA10261 P DODGE TRUCK FDA10343 FDA1017 FDA10190