Selling a bankruptcy claim?
Know what you hold.

Then that payment comes to us. If it pays less, or nothing, we take the loss. That is the trade: a fixed amount at closing instead of whatever the claim pays later.

The purchase agreement says exactly what is sold and any case where money goes back, for example if the claim is disallowed. Read that part before you sign.

Yes. The review is free and the offer is only an offer. You can turn it down, ignore it, or ask questions first. No fee, no follow-up campaign.

You transfer the rights in a claim you hold against a bankrupt company to First American Settlements in exchange for a negotiated cash price. The purchase agreement says exactly what is sold and what, if anything, you keep.

After closing we file the transfer under Bankruptcy Rule 3001(e). You are no longer waiting on the trustee or the plan. You have been paid.

Chapter 7 asset cases can sit for years, and many general unsecured claims recover little, late, or nothing. In Chapter 11, a confirmed plan says what creditors get, but distributions often come in pieces over years. Selling turns a future check into a fixed cash price, paid at closing: rent, payroll, taxes, or simply closing the file.

The price reflects risk: allowance, preference exposure, estate assets, and timing. You decide if that trade is worth it. There is no obligation to accept our offer.

Usually no advance court order is required for an ordinary post-petition transfer of a filed claim. The buyer files evidence of the transfer under Bankruptcy Rule 3001(e). The clerk notifies the seller. You generally have 21 days to object. If no one objects, the buyer is substituted on the claims register.

Publicly traded notes and bonds follow a different path. Local rules and case-specific orders can add steps. We handle the filing after you have been paid.

Debtor and case name. Your legal name as creditor. Claim number if you have one. The amount you believe is still unpaid. Helpful extras: the filed proof of claim, invoices, contracts, a judgment, payment history, and any prior assignment.

Do not worry if the file is messy. We pull dockets and claims registers for free. Tell us if there was a dispute, a partial payment, a pledge, or a previous sale.

We find, verify, and buy bankruptcy claims: Chapter 7 claims, and Chapter 11 claims once the plan is confirmed. Most are general unsecured claims that still have recoverable value. If you have a claim, we will tell you what we will pay. If you are not sure you have one, we will look at no cost.

We are a boutique buyer, not a high-volume call center. The work is personal. The offer is in writing. You can accept it, reject it, or ignore it.

General unsecured claims in Chapter 7 cases, and in Chapter 11 cases with a confirmed plan: trade payables, court-allowed claims, scheduled debts, and old write-offs that never got a second look. We also review judgments when the paper and the story are clean enough to underwrite.

In Chapter 11, we never make an offer before the plan is confirmed. If your case is not there yet, we will watch it and reach out when it is.

We are not a title company or a timeshare exit shop. We buy claims. That is the business.

If you were ever listed as a creditor — even years ago — you may still hold a valid claim. Many vendors write the receivable off and never check the case again. The estate can still have cash. The claims register can still show your name.

Send us the debtor name and anything you kept. We check the docket, the schedules, and the register at no charge.

There is none on the review. We make a market-based cash offer. You can take it or leave it. No retainer. No success fee from you. No pressure campaign.

What you should read before you sign: the amount being sold, the price, when you get paid, any recourse or indemnity, and whether you have to help after closing. Ask your own lawyer or accountant if the dollars are large enough to matter.

No. We are a private buyer. We do not work for the bankruptcy court, the trustee, the plan administrator, or the company that filed. Selling to us does not change how the estate is administered. It changes who owns your claim.

It depends on the case and how complete your file is. When we make an offer, we tell you the timeline in writing, and the payment date is set in the purchase agreement. After you are paid, we file the transfer and send you the court-stamped copy once it hits the docket.

Signing the agreement is not the same as closing. The clock on payment starts when the conditions in the agreement are met.

You are paid at closing, on the timetable in the purchase agreement. We file the Rule 3001(e) transfer after payment, not before.

Read the cooperation, indemnity, and recourse language. A sale does not automatically wipe out every seller obligation. If a representation is wrong, the agreement will say what happens. That is why the review exists.

A bar date is the court deadline to file a proof of claim. Talking to us does not file a claim for you and does not move that deadline. If you think the date has passed, say so. Sometimes a scheduled claim still works. Sometimes it does not. We will tell you what the docket shows.

No. A filed claim is generally deemed allowed unless someone objects. Allowance is not payment. In Chapter 7, payment depends on estate assets, expenses, priority claims, and the trustee’s final report. In Chapter 11, it depends on what the confirmed plan provides and when. That gap — allowed on paper, unpaid in real life — is why a secondary market exists.

What you type: the debtor or case name, the claim amount, and your email or phone number. If you attach a proof of claim, we collect that file too.

We also save the date and time, which page you used, and basic browser details that help us spot spam. Proof of claim forms often contain personal details, so we treat every file as private.

Only our team. Details and files are stored privately, with no public links. The companies that host this site and store our data handle it on our behalf.

We do not sell your details, and we do not use them for advertising. We use them to review your claim and to follow up with you.

Only as long as we need it to review your claim, follow up, and meet our legal duties. If you ask us to delete it sooner, we will, unless the law requires us to keep it.

We use Google Analytics to count visits and see which pages people use. Google Analytics sets cookies and receives usage information from your browser, and reports it back to us in aggregate. We run no advertising trackers, and Google Analytics does not receive anything you type into the claim check or any file you send us.

Cookies are small files that your browser stores. What your browser keeps, and what it shares with websites, is controlled by your browser settings. You can block or clear cookies there at any time.

Our pages load their fonts from Google, so your browser contacts Google to get them. Our web host also keeps standard server logs.

Call (929) 542-2121 and tell us which case you entered. We will delete your details and any file you sent, unless the law requires us to keep them.