Xclaim operates an exchange for bankruptcy claims against crypto companies.
We publish real-time market pricing data for thousands of market participants.
Our matching engine guarantees fair and accurate pricing.
Xclaim helps claim holders recover more, faster.
The critical vendor arrangement elevates the low-recovery prepetition unsecured claim to an administrative claim with higher priority, ensuring a higher rate of recovery and repayment in full if the debtor reorganizes successfully.
To summarize the treatment of claims based on the date and status: “Critical Vendor”
Thus, "Claims Trading" describes the financial and legal transaction whereby a Creditor sells and transfers their ownership in the bankruptcy Claim to another entity, in order to receive immediate monetary payment from the Buyer of their claim.