By Shivani Tanna

(Reuters) -Trade finance company Raistone, a creditor of First Brands, asked a court on Wednesday to appoint an independent examiner, claiming that as much as $2.3 billion “simply vanished” from the bankrupt U.S. auto parts supplier.

First Brands filed for bankruptcy protection last month after its lenders began investigating irregularities in the company’s financial reporting. The company has $11.6 billion in total liabilities, according to the court documents.

Its collapse has rattled debt investors and sparked concerns of broader stress in corporate debt markets, especially about rising risks in private credit where lending activity has surged in recent years.

“Under these circumstances – with up to $2.3 billion in assets unaccounted for – the appointment of an exam

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