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Claims Trading

Deva Capital Buys Claim Worth $25M in Grupo Aeroméxico

September 28, 2021, Southern District of New York – Bank of America c/o Bank of America Merrill Lynch transfers its claims worth $25M (Claim No.13542 and 13602 for $10,705,424.00 and $14,502,042.00, respectively) to Deva Capital Investment Company, S.L.U. in the bankruptcy case of Grupo Aeromexico SAB de CV et al. (“Debtor”). Describing themselves as alternative […]

Argo Partner Buys $300K Claim in the L’Occitane, Inc Bankruptcy

September 1, 2021, District of New Jersey – Isobar Technologies Switzerland nka Merkle Technology, a global digital experience company, recently transferred its claim worth $300k to Argo Partners in LOccitane Inc. bankruptcy under a transfer agreement executed between the parties on August 30, 2021. Objections, if any to the transfer of claim, are required to be filed […]

Bradford Capital Holdings Buys Multiple Claims in Toys “R” Us, Inc. Bankruptcy

September 14, 2021, Eastern District of Virginia – Whitebox Asymmetric Partners, LP, a hedge fund, transfers multiple claims worth approximately $1.5M against Debtor Toys “R” Us, Inc. to Bradford Capital Holdings, LP.  Bradford Capital is an investment firm that provides liquidity to creditors of bankrupt companies by purchasing their bankruptcy claims. On September 18, 2017, Toys […]

Citigroup Financial Products Sells Claims in Face Amount Over $6.8 Million in LATAM Airlines Group SA

March 14, 2022, Southern District of New York – Star V Partners LLC and Olympus Peak CAV file notices according to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure in the United States Bankruptcy Court for the Southern District for New York, of the transfer of the right, title and interest in Citigroup Financial Products Inc.’s claims in […]

PNC Bank Buys Multiple Claims

November 17, 2021 District of Arizona – PNC Bank National Association buys claims worth $821,355.85 from BBVA USA in the bankruptcy case of Sathish Chari Dr and Bernadette. PNC Ban also buys claims worth $1,471,273.52 from Compass Bank in the bankruptcy case of Peter John Pons and Jeri Lynne Pons. Additionally, PNC Bank also purchases claims in the bankruptcy cases […]

Jupiter Aviation Sells Claims Worth $53 Million

November 10, 2021, Southern District of New York – Jupiter Aviation Partners, LLC sells claims worth approximately $53 million (Claim No. 603) to Citigroup Financial Products Inc. in the bankruptcy case of Grupo Aeroméxico, S.A.B. de CV. Additionally, Jeffries Leveraged Credit Products also transferred its claim (Claim No. 752) worth $4,207,505.94 to SPCP Luxembourg Strategies in […]

$35M Claim Transferred in Avianca Holdings SA

September 13, 2021, Southern District of New York – CRG Financial LLC recently bought a big claim in Avianca Holdings SA bankruptcy case. Cajas Automaticas Jarinson S.a.s.transferred its proof of claim worth $35,439,258.00 and scheduled claim worth $10,704.85 to CRG Financial, LLC Avianca Holdings S.A. is a pan-regional Latin American company that provides passenger and cargo […]

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