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Here are some steps that we suggest to learn about your specific bankruptcy case and claim recovery:

‍Review Court Documents: These documents are typically available through the bankruptcy court's website or office. Look for your claim's status, the debtor's financial disclosures, and any proposed reorganization plans.

‍Attend Creditor Meetings: These meetings provide an opportunity for creditors to ask questions about the bankruptcy case and the debtor's finances.

Monitor the Case: Stay informed about the progress of the bankruptcy case by regularly checking the court's docket or case updates. This will allow you to track any developments that may impact your claim.

‍Review the Reorganization Plan: If the bankruptcy case is under Chapter 11, carefully review the proposed reorganization plan. The plan outlines how creditors will be treated and how much they are expected to receive. This can give you insights into your potential recovery.

‍Consider Claim Trading: If you need liquidity or want to exit the bankruptcy process, you can explore the option of selling your claim to another party through the bankruptcy claims market. This can provide immediate cash, even if it's at a discount.

‍Seek Legal Advice: If you are unsure about the legal aspects of your situation, it's advisable to consult with an attorney experienced in bankruptcy law. An attorney can provide guidance on your rights, options, and potential recovery.

Your privacy and the protection of your personal information is of utmost importance to us. We will only upload redacted copies of your documentation to your listing. Furthermore, all of our registered buyers are subject to a confidentiality clause prohibiting them from disclosing any seller's private information acquired at the time of a trade.

The closing process can be broken down into the following steps:

1. Buyer has two business days to communicate any additional diligence requests

2. Seller must provide all of the necessary documentation in under seven business days

3. Once the buyer has reviewed the seller’s diligence packet, 51�ԹϹ��� will send a Trade Agreement via DocuSign for completion

4. Buyer will be asked to initiate payment upon contract execution

5. Seller to confirm receipt of funds 6. 51�ԹϹ��� files the transfer of claim with the court

51�ԹϹ��� is lead by it's Founder and CEO, Matt Sedigh. 51�ԹϹ��� has a handful investors including First Round Capital, Freestyle Capital, venture capitalist Josh Jones and many more.

Stub claims refer to claims that have already received at least one distribution but expect to receive additional distributions in the future.

When you transact through the 51�ԹϹ��� Marketplace, 51�ԹϹ��� takes the hassle out of trading. We handle all required filings so you can quickly move on with your business. As soon as a trade closes, 51�ԹϹ��� submits all necessary documentation to the Court.

We independently verify each buyer during the registration process and before they are permitted to purchase claims using the 51�ԹϹ��� Marketplace. Using the latest technologies, we ensure a safe environment that protects your data and payment information.

Buyers pay us a small fee when they purchase a claim on the 51�ԹϹ��� Marketplace.

The level of interest in your claim may vary based on the attributes of your claim and as the status and timeline of the bankruptcy case. Uploading accurate and complete supporting documents can help expedite 51�ԹϹ���'s ability to find you a buyer faster.

51�ԹϹ��� works with more registered claim buyers than any other broker or marketplace to find you the best price in the market for your claim at any given time. Market pricing will vary based on the attributes and size of your claim.

Simply reach out to 51�ԹϹ��� Trade support and we'll help onboard other authorized users from your organization.

51�ԹϹ��� operates the 51�ԹϹ��� Marketplace and related services but does not buy claims for its own account. 51�ԹϹ��� acts as a broker for larger, complex claims on a case by case basis.  Independent affiliates of 51�ԹϹ��� may purchase claims or identify claims for purchase as a service on behalf of registered buyers.

While we focus on cases with existing buyer interest, we cannot guarantee that you will receive an offer or that a buyer will agree to purchase your claim. Interest in claims is highly dependent on individual claim attributes.

We firmly believe that every claim holder should be entitled to recover the highest possible amount on their claim. That is why we charge zero fees to claim holders to register, list, sell, or transfer claims or to access resources on the 51�ԹϹ��� Marketplace.

Evaluating the worth of a bankruptcy claim is a complex task, influenced by various factors, including the nature of the claim, the financial situation of the debtor, and the specific circumstances of the bankruptcy case. Sometimes, the bankrupt company may provide information about the expected payouts to claim holders. Additional methods to assess your claim's value include examining the company's reorganization plan, attending creditor meetings, staying informed about the case's progress, and seeking advice from legal and financial professionals. Notably, 51�ԹϹ���, which operates the largest open marketplace for claim trading, regularly updates market pricing information for ongoing cases.

Nothing. 51�ԹϹ��� collects a fee from the buyer of your claim. As a seller there is no cost to our service. We firmly believe that every claim holder should be entitled to recover the highest possible amount on their claim. That is why we charge zero fees to claim holders to register, list, sell, or transfer claims or to access resources on the 51�ԹϹ��� Marketplace.

Selling a bankruptcy claim can offer several advantages, including immediate liquidity for pressing financial needs, risk mitigation by transferring uncertainty to the buyer, reducing administrative burdens associated with bankruptcy participation, and avoid potential legal costs and recovery delays associated with the bankruptcy process. The decision to sell should be based on individual circumstances and financial goals.

While buyers can vary, most are experienced individual or institutional investors who have a willingness to take high-risk long-term investments. We every buyer in our network.

When you sell a bankruptcy claim, there are several options for receiving payment, depending on the terms of the sale and the agreement between you and the buyer. Some common payment options include lump sum payments, installment payments, deferred payments, escrow or trustee services, or contingent payments. Recently we have seen sellers get paid in crypto.

No it does not. While we have the largest nextwork of vetted bankruptcy claim buyers competing on the market, we firmly believe that every claim holder is entitled to pursue the higest recovery possible for their claim, even if that is not with 51�ԹϹ���. In some incidences, exclusivity can work in favor of the seller.

The market is where sellers can list claims with a fixed price (with the option for buyers to counter offer) and provides flexibility in terms of timing - think of it like Amazon but buyers can send offers under the list price. Auctions involve set time periods where bids can be submitted with the final price being determined by the highest bidder (pending a reserve was met) - similar to an Ebay auction.

51�ԹϹ��� vets all buyers, facilitates KYC and handles the transfer of claim rights in a transparent and risk-free manner. Funds are only released when all conditions to a trade are met, ensuring both sides are protected. We offer the same trusted service for stub claim sales as we do for other transactions. 

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