Claims

Investing in Claims


March 27, 2017
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An Introduction to Bankruptcy Claims Trading

Timothy C. Bennett
Seyfarth Shaw LLP
620 Eighth Avenue
New York, New York 10018
212-218-3386
Tbennett@seyfarth.com


Upon the filing of a bankruptcy petition by a debtor in a U.S. chapter 11 proceeding, any attempts to collect debt by a creditor are halted.  As a result, creditors face the daunting prospects of either waiting out the debtor’s bankruptcy case - not knowing when, how much, or even if they will ultimately recover on their claims - or engaging in what could be a drawn out and expensive dispute with the debtors to...

May 13, 2015
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Final Report Filed in Betsey Johnson Bankruptcy Cases

Breaking News Alerts from Chapter11Dockets.com


A final report was filed with the bankruptcy court in the Betsey Johnson LLC bankruptcy cases.  The company, which operated the 63-store Betsey Johnson retail chain, filed for bankruptcy protection over three years ago.  According to the final report, professional fees totaled over $3 million over that time period.  Priority claims and some secured claims were paid in full.  Other secured claims received a payment equal to slightly less than 50% of the amount of...

February 10, 2015
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What Does RadioShack's Bankruptcy Mean for Creditors & Shareholders?

Breaking News Alerts from Chapter11Dockets.com


One of the fundamental questions - perhaps the most fundamental question - for creditors and shareholders following a company's bankruptcy filing is "what does this mean for me?"  RadioShack Corporation and a number of affiliates filed for bankruptcy protection last week with plans to sell some of their operations and liquidate the rest.  It is, at present, challenging to put an exact dollar figure on either portion of that plan in terms of the amount...

August 15, 2013
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Bankruptcy Claims as a Cash Investment

 

  • Lawrence V. Gelber
  • Erik Schneider
  • Schulte Roth & Zabel LLP
  • New York, New York
  • (212) 756-2000
  • lawrence.gelber@srz.com
  • erik.schneider@srz.com

Investing in bankruptcy claims (i.e., claims of creditors against bankruptcy debtors) can be very profitable or can result in a significant, or even total, loss.  Bankruptcy claims are classified in chapter 11 plans of reorganization according to their relative rights against the debtor.  The recovery of a given class of claims will depend on the aggregate value of the debtor’s assets remaining after distributions have been made to more senior classes in accordance with the...



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