Welcome to WSJ Pro Bankruptcy's Daily Briefing. It's Monday, December 15. In today's briefing, First Brands Group is taking emergency action to bring more cash into its coffers as a selloff in its bankruptcy loan saps confidence in its restructuring prospects.

First Brands seeks access to customer payments. The bankrupt auto supplier is seeking access to $250 million to stabilize operations and reassure its business partners after a sudden decline in the value of its bankruptcy loan.

First Brands filed court papers seeking access to funds that are either being held by customers or segregated in connection with the chapter 11 process. The company said in court papers Friday that its inability to access money due and owing to it is artificially depressing its true liquidity and cash flows and "creating a general lack of confidence" among lenders, customers and vendors.

Roomba maker declares bankruptcy, but tries to ease ‘bricking’ fears. The company that makes Roomba robotic vacuums declared bankruptcy Sunday, but said its devices will continue to function normally while the company restructures.

Massachusetts-based iRobot signaled in recent corporate filings that a bankruptcy could be imminent. It owes $352 million to Picea, its primary contract manufacturer which operates out of China and Vietnam. Nearly $91 million of that debt is past due, according to iRobot.

Outlining its restructuring plan Sunday, iRobot said Picea will receive 100% of the equity interest in iRobot, which the company said would allow it to continue operating.

Medical-transport provider Modivcare beats creditors committee to end chapter 11. A Houston bankruptcy judge confirmed a $1.1 billion debt-cutting plan for medical transport company Modivcare over the objections of its unsecured creditors committee.

Judge Alfredo Perez of the U.S. Bankruptcy Court in Houston found no indications the company's projections about its business were anything other than reasonable, rejecting a challenge by the creditors committee to Modivcare's valuation.

The creditors committee had argued Modivcare was overly pessimistic about its prospects and that its top lenders were being overpaid as a result.

• Earlier: Modivcare Aims to Overcome Creditors Committee to End Chapter 11

Holland & Knight lawyer moves to new firm. A Holland & Knight lawyer specializing in asset recovery and judgement enforcement is moving to a new shop. 

Warren Gluck, who led the firm's asset recovery group, is transitioning to a new platform that will be named Gluck Bluestone, partnering with Washington-based asset recovery lawyer Zack Bluestone. 

Gluck's practice includes fraud, asset recovery and judgment enforcement, as well as commercial litigation and international insolvency matters including chapter 15 proceedings.

Gluck said in an interview that Gluck Bluestone would maintain commercial alliances with law firms Glenn Agre and Diamond McCarthy. His representations include the liquidators of Silicon Valley Bank’s Cayman Islands branch, which he expects to continue at his new firm. --Andrew Scurria

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