Keep your claim and get cash. Learn about the FTX Claim Advance Program
Xclaim

News and Updates

7
Min
Creditor Resources

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.

7
Min
Creditor Resources

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.

7
Min
Chapter 11 Bankruptcy Basics for Claim Holders
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Xclaim News

Articles

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets: COINDESK

With billions locked up in collapsed exchanges and funds, investors are selling their assets for cents on the dollar.

2
Min Read
Articles

Crypto Bankruptcy Markets Are Thriving After FTX’s Collapse: WIRED

With billions locked up in collapsed exchanges and funds, investors are selling their assets for cents on the dollar.

2
Min Read
Bankruptcy

Xclaim Closes Series A Financing to Expand Crypto Bankruptcy Claim Trading Platform

During the course of Chapter 11 bankruptcy, there are several factors that can delay recovery for creditors awaiting payout on their claims. The first few months of the process require the creditors to submit their bankruptcy claims and the debtor to review them to determine if they’ll be included in the debtor's plan of reorganization.

2
Min Read
Company Blogs
Announcements
Articles

Xclaim Listed a Winner in Built In’s 2021 Best Places To Work Awards

Just over a week into 2021, and we’re off to a stellar start to the year. While 2020 has been a truly historic year by all counts, for Xclaim, the last 12 months have been marked by steady focus, commitment to innovation, and growth.

1
Min Read
Bankruptcy
Creditor Perspectives Blogs
Articles

Why Can a Debtor File an Objection Against My Claim?

During the course of Chapter 11 bankruptcy, there are several factors that can delay recovery for creditors awaiting payout on their claims. The first few months of the process require the creditors to submit their bankruptcy claims and the debtor to review them to determine if they’ll be included in the debtor's plan of reorganization.

2
Min Read
Creditor Perspectives Blogs
Bankruptcy
Articles

What is a Waterfall Payment Structure?

Upon approval of the debtor’s plan of reorganization, the process of paying out bankruptcy claims begins. For many creditors, this means recovery is finally within reach. For others, however, it marks the start of another unpredictable waiting game.

2
Min Read
Creditor Perspectives Blogs
Articles

What Happens After Filing a Proof of Claim?

After completing and filing a bankruptcy Proof of Claim, you should understand what happens after and what your next steps are. Do you?

1
Min Read
Bankruptcy
Articles

United States Trustee: Watchdog of the Court

The United States Trustee (or U.S. Trustee) is appointed by the Court in every Chapter 11 case to represent the interests of the U.S. bankruptcy system. The U.S. Trustee does not represent the Debtor’s interests or the interests of specific creditors. Rather, the U.S. Trustee is focused on raising issues that may affect the integrity of the bankruptcy process and, if unaddressed, could result in harmful precedent.

1
Min Read
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