Understanding The Reasons Traders Buy Bankruptcy Claims
January 8, 2014, 2:39 PM EST
Law360, New York (January 8, 2014, 2:39 PM EST) -- "Perhaps nothing has changed the face of bankruptcy in the last decade as much as the newfound liquidity in claims." Glenn E. Siegel, Introduction: ABI Guide to Trading Claims in Bankruptcy ABI Committee on Public Companies and Trading Claims, 11 Am. Bankr. Inst. L. Rev. 177 (2003).
The claims trading industry has only grown in the nine years since the publication of this quote. Indeed, it is common in "mega" Chapter 11 cases to see on the docket hundreds, if not thousands, of "claims transfer notices"...
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