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Sale of Bankruptcy Claim by Secured Creditor

New York

Sale of Bankruptcy Claim by Secured Creditor

A secured creditor in the bankruptcy of a subcontractor wishes to sell its claim, which is secured by the debtor's accounts receivable. The primary account receivable is a claim against the project's contractor. Recovering on the claim would likely require some litigation, but the potential recovery exceeds the claim by a factor of 2-3.
Dec 10, 2021

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