Buy and Sell Bankruptcy Claims
Many unsecured claim holders, who hold receivables and other debt against bankrupt companies, wait years for a formal bankruptcy process to conclude before receiving final payment on what they are owed. Through SecondMarket, creditors can monetize their claims NOW while buyers can invest in a historically inefficient and decentralized asset class.- Market coverage includes unsecured claims, judgments and defaulted securities
- No heavy lifting for buyers and sellers - market specialists streamline the sales process from listing to settlement
- 60 second sign up form to apply for FREE access
Contact Us
Andrew R. Gottesman
Vice President, Bankruptcy Claims
agottesman@SecondMarket.com +1 212.825.1052
Market News
Sep 2 2010
Bankruptcy on horizon for Pennsylvania capital — www.washingtonpost.com
- The city of Harrisburg has said that in will not make an upcoming $3.3 million municipal bond payment due in two weeks
- City officials are split on the prospect of filing for bankruptcy, with the mayor and the city controller taking opposing views
- The city’s bond insurance company is expected to cover the missed payment
Sep 2 2010
Tronox amends reorganization plan — af.reuters.com
- Tronox Inc has filed an amended reorganization plan after coming to terms with key creditors and could emerge from bankruptcy in the coming months
- The company now plans to fund an environmental liabilities trust with $270 million plus 88 percent of any recoveries from litigation against Anadarko Petroleum Corp
- Existing shareholders will receive warrants to buy up to 5 percent of the reorganized company’s stock if the vote in favor of the plan
Sep 1 2010
JAL to Submit Rehabilitation Plan Including 16,000 Job Cuts — www.reuters.com
- JAL Submitted bankruptcy emergence plan
- The plan calls for its workforce to be cut by 1/3
- Approximately 100 planes will be sold and 50 routes will be cut
