A Close Look At Special Cases Of Bankruptcy Claims Trade

Law360, New York (January 29, 2014, 4:03 PM EST) -- A typical claims trading situation may involve the purchase and sale of an unsecured trade claim by a vendor of the debtor. The documentation for such a trade is usually minimal and simple, as is the execution of the trade itself. However, unlike a traditional claims trading situation, trading in connection with certain types of claims raises unique issues and are thus special cases.

Acquiring Secured Claims

Most claims that are traded are unsecured claims — i.e., claims for which the creditor has no interest in...
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