Market Insights & News

Discover valuable market insights with Xclaim: Stay informed with real-time data, trends, and expert analysis to make smarter financial decisions and navigate opportunities in the claims trading market.

Watchlist

Track our curated watchlist of the most active and relevant assets in today’s market. Updated in real-time to keep you ahead of the trends.

Genesis Global Holdco

Southern District of New York

Filing Date:

11/19/2023

Plan confirmed. Three distributions to date. Additional, smaller distributions expected over 3-4 years as the debtors monetize litigation claims and DCG paper.

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SWC Industries LLC

Northern District of California

Filing Date:

11/14/2024

Sale of four industrial businesses; $50-100M in liabilities, primarily 1L funded debt.

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Vroom Inc.

Southern District of Texas

Filing Date:

11/13/2024

Prepackaged BK. Plan support parties include 1L lenders, led by Mudrick, converting to equity. GUCs unimpaired.

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Spirit Airlines, Inc.

Southern District of New York

Filing Date:

11/18/2024

Prepack. B/S restructuring. GUCs unimpaired.

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Northvolt AB

Southern District of Texas

Filing Date:

11/21/2024

Freefall. Seeking to recapitalize or sell core assets including several battery gigafactories; $5.9B in est. liabilities

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Stoli Group (USA), LLC

Northern District of Texas

Filing Date:

11/27/2024

Freefall. B/S restructuring. GUCs unclear.

Second Amended Plan filed; Confirmation Hearing 2/9/25.

Plan confirmed. Effective Date expected Jan 2025. Initial distributions expected Jan 2025 for convenience claims, Mar 2025 for other creditors.

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Case

District

Filed

Overview

Status

Trading

Market

Action

Genesis Global Holdco

Southern District of New York

11/19/2023

Plan confirmed. Three distributions to date. Additional, smaller distributions expected over 3-4 years as the debtors monetize litigation claims and DCG paper.

Featured

High

Buyers/Sellers

View Claims

SWC Industries LLC

Northern District of California

11/14/2024

Sale of four industrial businesses; $50-100M in liabilities, primarily 1L funded debt.

Vroom Inc.

Southern District of Texas

11/13/2024

Prepackaged BK. Plan support parties include 1L lenders, led by Mudrick, converting to equity. GUCs unimpaired.

Spirit Airlines, Inc.

Southern District of New York

11/18/2024

Prepack. B/S restructuring. GUCs unimpaired.

Northvolt AB

Southern District of Texas

11/21/2024

Freefall. Seeking to recapitalize or sell core assets including several battery gigafactories; $5.9B in est. liabilities

Stoli Group (USA), LLC

Northern District of Texas

11/27/2024

Freefall. B/S restructuring. GUCs unclear.

Yellow Corporation

District of Delaware

8/6/2023

Second Amended Plan filed; Confirmation Hearing 2/9/25.

FTX Trading Ltd

District of Delaware

11/11/2022

Plan confirmed. Effective Date expected Jan 2025. Initial distributions expected Jan 2025 for convenience claims, Mar 2025 for other creditors.

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Market Stats

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Chart Name

Estimated illiquid estate assets decreased in March when the estate proposed selling the Debtors shares in Anthropic to a consortium of investors for $884m. Although this was below the estimated value of $1.4b, the estate still has approximately $1.5b in illiquid assets, including its other venture investments, Bahamas real estate, and ICO tokens.

Chart Name

Transfer volume in FTX for the end of July was large as sale of the BlockFi claim led to significant secondary transfers to other buyers. Diameter led the purchase of the $875M claim and then parts were resold to Silverpoint, Hudson Bay, King Street, Farallon, and Canyon. Institutional purchasers now hold over $5B of claims.

Chart Name

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Yellow Corp. Creditor Updates

Xclaim has prepared the following update on the market for general unsecured claims and a summary of recent rulings in the Yellow Corp. chapter 11 cases for creditors considering a sale of their claims. This summary is provided for general information purposes only and shall not be construed as legal or financial advice.

The Bankruptcy Process Explained

When a company owes you money and files for Chapter 11 bankruptcy, it can be confusing and concerning. This article breaks down what Chapter 11 is, why companies use it, and what it means for you as a claim holder. Understanding this process can help you set realistic expectations about recovering the money you are owed.

Chapter 11 Bankruptcy Basics for Claim Holders

Chapter 11 bankruptcy allows businesses and certain individuals to reorganize their debts while continuing operations. This overview will help claim holders understand the Chapter 11 process, which is vital for navigating financial challenges and how to navigate the claims selling market.

Navigating Chapter 11 as an Unsecured Creditor

This guide provides unsecured creditors with practical steps and strategies to navigate Chapter 11 bankruptcy effectively. It emphasizes the importance of understanding creditor rights, actively participating in the bankruptcy process, and utilizing available resources to protect financial interests.

Understanding Preference Payments in Bankruptcy

Discover the essentials of preference payments in bankruptcy, including definitions, legal defenses, and strategies for managing claims. Learn how Xclaim's marketplace can help you sell your claims efficiently and maximize your recovery.

Special Claims - 503(b)(9), Reclamation, PACA, and Others

Although everyone with a right to payment on the day of the petition gets a bankruptcy claim, there are many different types of claims. This short summary provides some pointers to consider to see if you might have special treatment.

So you’ve got a bankruptcy claim. Now what?

When a customer goes bankrupt money that they owe you, including contracts you have with them, become bankruptcy claims. What is a bankruptcy claim? How can you receive money for your claim? In this article we discuss what a claim is and how to make sure you have the right claim amount.

Navigating Your Claim Sale: From Finding the Best Price to Negotiating Trading Agreements Like a Pro

While selling claims has certainly become easier, many creditors may be unfamiliar with the specifics. Creditors may have questions about the sale process or key provisions of the sale agreement, particularly as they relate to crypto claims. This article hopes to answer some of these questions.

Crypto Bankruptcy Briefing: September 26

There is a lot going on and trying to keep up with it all is challenging. Here is your weekly run-down of what you need to know from the past week across the crypto bankruptcy industry.

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