51³Ô¹Ï¹ÙÍø

Discover your next trade on 51³Ô¹Ï¹ÙÍø.

Access proprietary deal flow and simplify your sourcing efforts, with real-time market intelligence and pricing, and efficient value recovery.
51³Ô¹Ï¹ÙÍø is the leading clearinghouse for bankruptcy claims. We serve claim holders in the most actively traded cases — including lenders, note holders, trade creditors, and litigation claimants. We provide sophisticated tools and services to ensure a seamless experience for claim management, price discovery and immediate liquidity.
$391M
claims traded in 2023
$1B
claims traded all time
53%
share of online trades
Our mission is to:
  • Inform your decision-making with trusted market data
  • Deliver better pricing and terms through buyer competition and exclusive supply
  • Optimize for your unique business objectives through creative deal structuring
  • Empower all market participants to transact with confidence

Buying a Claim

Sourcing claims is simple when they're just a click away. 51³Ô¹Ï¹ÙÍø aggregates more claims and sources more exclusive opportunities for claim buyers than any other market solution. Find, bid and buy faster than ever before, all on a single platform.
Market Intelligence
Gain an edge with proprietary market data for pricing, inventory and trading volumes
Smart Sourcing
Specify your target criteria and automate engagement to matching claims
Brokered Sales
Gain access to the pre-qualified claims of committed sellers through a formal sale process
Dedicated Solutions
Engage us to uncover opportunities and execute your strategy
Portfolio Servicing
Extract instant liquidity in the secondary market and value holdings with defensible mark-to-market pricing

Steps to Buy

Register

1

  1. Create and verify your buyer account
  2. Accept terms to access the marketplace and exclusive deals

Assess the Market

2

  1. Review 51³Ô¹Ï¹ÙÍø public pricing and market data
  2. Monitor new cases and opportunities with 51³Ô¹Ï¹ÙÍø intelligence
  3. Featured claims delivered right to your inbox

Conduct Diligence

3

  1. View claim details, seller information and supporting documents
  2. Request additional diligence materials to inform your bid

4

Bid

  1. Submit your bid as a percentage of the claim amount
  2. Use 51³Ô¹Ï¹ÙÍø's market-accepted trade terms or propose your own

Trade

5

  1. Upon the seller's acceptance of your offer, 51³Ô¹Ï¹ÙÍø will confirm the trade and introduce the seller to facilitate confirmatory diligence and documentation (51³Ô¹Ï¹ÙÍø handles the paperwork!)
  2. 51³Ô¹Ï¹ÙÍø will coordinate deal execution, closing and court noticing
Finding value for our clients in the largest and most complex cases
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Connecting our clients to value every day.
"51³Ô¹Ï¹ÙÍø can help you understand your options, and have a course-of-action for your claim."
Institutional Seller, United States
"They just did what they said they were going to do. Any slight concerns? They responded super quick and seemed to be able to deliver on their promise, which is all we want."
Institutional Seller, China
"51³Ô¹Ï¹ÙÍø offered me options for liquidity. The process was smooth and simple."
Institutional Seller, Italy
Representative Trades
$105M
Sale of participation interests in claim held by trustee for fraudulently stolen assets in a Japanese insolvency proceeding
$90M
Sale of disputed contract rejection claim held by California-based e-sports company. 51³Ô¹Ï¹ÙÍø designed and executed a marketing campaign and auction that resulted in a sale price that exceeded the present value of the pre-petition contract.
$51M
Sale of secured loan claim to a strategic buyer identified by 51³Ô¹Ï¹ÙÍø that resulted in successful acquisition of the debtor by credit bid.
$56M
Sale of crypto loan claims held by Korean exchange. 51³Ô¹Ï¹ÙÍø facil