Give your client the benefit of the market

Like many account holders that are owed money across the crypto bankruptcies, Michelle did not know what it meant to have a bankruptcy claim against FTX or that value that was sitting behind it…until she found Xclaim.

Neil, a steadfast believer in cryptocurrency, recognized that BlockFi's bankruptcy filing signaled a period of turmoil in the industry. Overwhelmed by the multitude of events occurring simultaneously, he found it challenging to process everything at once.

Like many when Celsius first went bankrupt, Rohit did not know he could sell his claim.

In this video we talk with Rodrigo, a Brazilian crypto trader who like many, has become exhausted trying to keep up with the cases. Another common thread that we hear is the fear of getting scammed again. Selling your bankruptcy claim today and getting paid for it within 48 hours? For some it sounds too good to be true. Hear more from Rodrigo and his experience below.

Even for investors like Steve who has held claims in multiple bankruptcies, it can be challenging to understand the process and feel confident that your are getting the best price.

When Meggan heard that FTX was going bankrupt she went into shock. Being completely new to the bankruptcy process, she was unaware of what her options were and what it meant to be a creditor.

When Voyager filed bankruptcy, Michael went into a state of shock and couldn't believe that what happened to Celsius was going to happen to him. Michael, like many, was using his Voyager account for retirement and contributing to it regularly. Not being able to access his funds that he had been building for years created a state of panic.

When Justin found out #Celsius filed for bankruptcy, he like many other account holders did not know you could sell a claim. Needless to say he was excited when he came across #Xclaim, especially after the stress and mental exhaustion from keeping up with the case.

Prior to finding Xclaim, Bhagamshi thought his assets were gone for good and was unaware of the option to trade his bankruptcy claims.

Filippo is not a typical creditor that we see. Unlike most, he has held a claim in a previous bankruptcy. The claim that he holds from a 2018 bankruptcy is still going through the legal process, he has yet to recover any funds more than five years later, with no change in sight. While equally as upset as he was from the first time around, with FTX he took a different approach.

When FTX filed for bankruptcy, the first thing Emiliano did was acquire as much information as he could about bankruptcy and what the process will be like.

Like many when Celsius first went bankrupt, Cale was not aware of any other options, other than to wait.

In this video we talk with Carl, a crypto trader from the UK who like many others, thought all was lost. He became consumed just trying to keep up with the case, and understand what the updates meant to his possible payout and timeline. He could only take so much and decided that his time and peace was worth more than the lump sum he had trapped in the Blockfi bankruptcy. Hear more from Carl and his experience below.

Like many of us, Arpan did not expect to see FTX or the other crypto companies go bankrupt. Similarly, he was unaware of his option to sell his claim or how simple the process would be to recover some of his funds in such a short period of time.

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

A couple of catalysts got us to think about selling our claim. One was just year end, we clean up our A/R and A/P anyway. So maybe we clean this up and don’t have this extra receivable just sitting around.

Could I possibly have held out for more? Maybe. But why waste my time dealing with 7 firms separately when I could just post it on the marketplace and let the competition decide?

I am very satisfied with the whole process. We don’t deal with bankruptcies very often and this was a very simple and stress-free process.

The process was fairly easy and that's why we went ahead and completed the deal with Xclaim.

I always maintained the thought that we could sell some of our clients' claims, but I was unaware that there was a platform out there that can conveniently match you to a buyer, or help you find a buyer.