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Home Claims Trading Banks Dump Over $50M in LATAM BK Claims

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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