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claims trading market

This was only my second bankruptcy claims trading experience...but I can definitely say it certainly was a breeze.

Darren, Co-Founder
A Radio Commercial Production Company

 

Customer Story

Turning Unexpected Bumps into a Breeze

Running a business isn't always easy, and there's unexpected bumps in the road all the time.

For my company, one of our clients recently went bankrupt. They still owed us payment for radio commercials that we produced for them in 2020. When I found out about the bankruptcy, the legal notice instructed me to file a proof of claim. I did so right away to recoup the unpaid amount for a few months' worth of invoices. 

We just had so many other things to do, and would rather get most of the claim amount now, than all of it later.

After submitting the claim paperwork, I got an email from XCLAIM. I had never heard of this platform before. And to my surprise, it was only 2 days ago that I had submitted my claim. This email was notifying me that there is a purchase offer to buy my claim. 

I didn't waste any time. I decided to take a chance and register with XCLAIM to get this claim sold promptly. We just had so many other things to do, and would rather get most of the claim amount now, than all of it later.

It was great to keep it all at an arms length through a centralized site rather than talking directly with strangers.

I had previously sold a bankruptcy claim only once before, and the whole process involved talking with the buyer to work through all the details to make the deal happen.

But with XCLAIM, I would compare this much more favorably to my past experience. It was great to keep it all at an arms length through a centralized site rather than talking directly with strangers. I like the marketplace platform and how it sets you up for no contact, it made me feel much more like it's a proven process. 

I like the marketplace platform...it made me feel much more like it's a proven process.

It literally took me just a few minutes on the platform to accept the buyer's offer and finish signing the claim transfer contract. This was only my second bankruptcy claims trading experience...but I can definitely say it certainly was a breeze.

Now that I have settled the claim, I feel very good about the end result. I had a great experience with XCLAIM...I would recommend it in the future.

The whole process only took about 3 days from when I first submitted my claim, to getting an email offer, to selling it to the buyer on XCLAIM. Now that I have settled the claim, I feel very good about the end result. I had a great experience with XCLAIM...I would recommend it in the future.

 

Benefits of XCLAIM®

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Stay Informed

Track your portfolio of claims and stay informed of your cases

Connect with Buyers

Explore out-of-court settlement opportunities to liquidate your claims

Maximize Recovery

Centralize access to Buyer competition with controls to negotiate

Settle Claims Fast

Liquidate your claim ownership in a few clicks

Easy Settlement

Digital contracts and seamless court transfers to close in seconds

Risk Mitigation

Secured payments and reduced uncertainty