Banks Dump Over $50M in LATAM BK Claims
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July 28, 2022, US Bankruptcy Court for Southern New York – Barclays Bank and Citigroup Financial Products, Inc. transfer claims in the face amount of millions in the bankruptcy case of LATAM Airlines Group. Marathon Distressed Creditor Master Fund, MBD 1 Ltd and Red Pines LLC are the prominent transferees.
Some of the claims transferred are as follows:
| Transferor | Transferee | Claim No. | Claim Amount |
| Barclays Bank | Marathon Distressed Creditor Master Fund | 2723 | $1,872,291.97 |
| Barclays Bank | Marathon Distressed Creditor Master Fund | 3201 | $7,176,936.00 |
| Barclays Bank | Marathon Distressed Creditor Master Fund | 4548 | $5,107,248.28 |
| Barclays Bank | Marathon Distressed Creditor Master Fund | 2304 | $7,827,352.18 |
| Citigroup Financial Products, Inc. | MBD 1 Ltd | 6272 | $10,000,000.00 |
| Citigroup Financial Products, Inc. | Red Pines LLC | 6271 | $2,252,170.00 |
| Citigroup Financial Products, Inc. | Red Pines LLC | 6228 | $2,179,212.00 |
In re LATAM Airlines Group, S.A., Case No. 20-11254, US Bankruptcy Court for Southern New York
The post Banks Dump Over $50M in LATAM BK Claims first appeared on onebowlinggreen.com.
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