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Home Claims Trading Citigroup Financial Buys Claim in Face Amount of $40M in LATAM Airlines Bankruptcy

Citigroup Financial Buys Claim in Face Amount of $40M in LATAM Airlines Bankruptcy

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January 1, 2022, Southern District of New YorkAurelius Capital Master, Ltd. files a transfer agreement 3001(e)1 with the United States Bankruptcy Court for Southern District of New York, recording assignment of its claims against LATAM Airlines Group SA to Citigroup Financial Products Inc. Specifically, Citigroup Financial Products Inc. acquires Claim No. 3201 for $4,695,178.03 and Claim No. 2723 for $36,973,806.48 from the American hedge fund.

On May 26, 2020, LATAM Airlines Group SA and 28 affiliated debtors filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The cases are pending before the Honorable Judge James L. Garrity Jr. and are jointly administered under Case No. 20-11254.

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