On March 15th the LSTA hosted a webinar on Bankruptcy and Litigation Claims presented by Justin Brass of Burford Capital and John Mills and Timothy Bennett of Seyfarth Shaw. Trading in claims in bankruptcy cases is simply cashing out at a substantial discount a creditor who cannot, or does not have the patience to, await a promised payout from a bankruptcy case. Most opportunities for sourcing those claims arise in the Southern District of New York and Delaware; however, given last year’s turmoil in the oil & gas industry, there has been an increase in the number of related claims opportunities in Texas.
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