US auto parts supplier First Brands filed for Chapter 11 in the Southern District of Texas late on Sunday night. The filing, which 9fin reported was being finalized over the weekend, marks the culmination of the company’s dramatic collapse under a multi-billion dollar debt stack.

In the filing (which you can access on the 9fin platform) the company estimated its assets between $500m to $1bn, and its liabilities between $10bn and $50bn. Disclosed holdings of the company’s top 30 creditors total approximately $10.5bn, according to the document.

The company said in a statement that it filed for Chapter 11 in order to stabilize the business and facilitate a value-maximizing transaction.