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FAQs
Is Xclaim a buyer or broker of claims?
Xclaim operates the Xclaim Marketplace and related services but is neither a buyer nor broker of claims. Independent affiliates of Xclaim may purchase claims or broker claims for clients that wish to remain anonymous.
How does Xclaim source claims?
The Marketplace is synchronized to the official claims registers maintained by the court-appointed claims agent in each bankruptcy case.
If Xclaim is free, how does the company earn money?
Capital providers such as financial institutions, investment firms, and hedge funds pay us a fee when they purchase a claim on the Xclaim Marketplace. This is why we can offer our services at no cost to claim holders.