How does a typical claim sale work?
A bankruptcy claim sale involves a structured process that allows creditors or claim holders to sell their claims to interested buyers.
Typical steps include
1. Obtaining necessary documentation about your claim.
2. Listing the claim on a marketplace like Xclaim.
3. Evaluate offers and make a deal.
4. When you transact through the Xclaim Marketplace, Xclaim takes the hassle out of trading and handles all required filings so you can quickly move on with your business. As soon as a trade closes, Xclaim submits all necessary documentation to the court and sellers are generally paid within two days.