Claims

Selling 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...

November 23, 2015
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Analyzing Claims Trading Activity in Large Corporate Chapter 11 Bankruptcy Cases: January 2014 - October 2015

Breaking News Alerts from Chapter11Dockets.com


The following charts reflect our analysis of over 11,000 notices of claim transfers filed in large Chapter 11 bankruptcy cases nationwide from January 1, 2014 to October 31, 2015. The court filings were aggregated from a review of court dockets across more than 2,000 cases. A list of the cases covered by our analysis can be found here: https://www.chapter11dockets.com/about/cases. Because claim transfers in the Lehman Brothers bankruptcy continue to comprise approximately half of all claims trading activity over this...

January 6, 2014
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Update To “Tempted to Sell Your Bankruptcy Claim?”

  • Christopher M. Cahill
  • Lowis & Gellen LLP
  • Chicago, Illinois
  • (312) 628-7193
  • ccahill@lowis-gellen.com

A prior article published on this site[i] by the author of this Update presented a scenario wherein a company sold goods or services and received, instead of payment, a notice that its counterparty had filed for chapter 7 or chapter 11 bankruptcy protection. The company sold its “claim” against the “debtor” (in bankruptcy parlance), but was later bedeviled by a preference lawsuit in the bankruptcy case and by efforts by the claims purchaser to claw...

May 24, 2013
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Tempted to Sell Your Bankruptcy Claim?

  • Christopher M. Cahill
  • Lowis & Gellen LLP
  • Chicago, Illinois
  • (312) 364-2500
  • ccahill@lowis-gellen.com

You sold services and received, instead of payment, a notice that your counterparty has filed for chapter 7 or chapter 11 bankruptcy protection. You understand that you have a “claim” against the “debtor,” in bankruptcy parlance. A claims purchaser offers to purchase your claim from you for cash. You accept. You metaphorically light a cigar for cash collected and troubles avoided. Sixteen months or so later, the debtor (or its successor under a chapter 11...



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