Bankruptcy claims trading

Know who bought bankruptcy claims last week, and in which cases.

Every week we send the trades recorded in every US bankruptcy court: buyer, seller, case, court. Look up any buyer, seller, or case across twelve years of trades. PACER will show a transfer once you open that docket. It will not tell you which cases traded this week, who is buying, or where the paper still sits. Included on both plans.

Look up any buyer, seller, case, or court. Ask us for the slice you trade. Get it by email, spreadsheet, API, or ask your assistant.

Start a trial Custom reports

What we actually ship

A weekly national report, and more than a decade of trades.

Weekly report, nationwide

Every Friday you know who bought, who sold, in which case and court. The week’s market, not one docket you happened to have open.

Back to 2014

Twelve years of trades. Check a buyer’s pattern, see when a case first started trading, or size how much paper has already moved.

The weekly report is for subscribers. This page is not a live tape of traders. Markdown

What it is

A bankruptcy claim is a receivable. Trading is how that receivable changes hands.

When a business files Chapter 11 (or 7), creditors file proofs of claim. Those claims can be sold. The buyer files a notice of transfer. The claims register updates. Price is a function of what the estate will pay, which is why desks watch disclosure statements and plans as closely as the transfer notices.

If you only open the cases you already follow, you see yesterday’s paper. The weekly report shows you which cases are becoming a market.

What a claims desk actually asks

  • Which cases had a claim transfer this week?
  • Who is buying, and in which courts?
  • What does the claims register show on those cases?
  • Did a disclosure statement or plan just tell me what unsecured is worth?

PACER versus the market

PACER shows one docket at a time. Claims trading happens across hundreds.

PACER

You already have the case number

Open that docket. Pay $0.10 a page. Read the transfer notice. If the next trade is in a case you have never heard of, in a court you do not watch, PACER has nothing until someone hands you that number. There is no national query for claim transfers, and no weekly picture of the market.

TrollerBk

Start from the trades

Then cut a custom report to your mandate: by case, by buyer, by seller, by court, by sector. Then open the register on the cases that fit. Ask the same question in Claude, ChatGPT, or Cursor: “Who bought claims in healthcare Chapter 11s last week?”

What we deliver

The weekly report tells you which cases traded. The claims register tells you what is left to buy.

Weekly claims-trade report

Who transferred, who took the claim, which case, which court. In your inbox, a spreadsheet, your systems, or your assistant.

Spot the accumulator

Spot the buyer that is quietly accumulating in one case. The weekly report is the current picture; the archive is twelve years of trades.

Registers, disclosure statements, plans

Creditor, filed amounts, status, proofs of claim on the case the transfer named. Plus the filings that say what unsecured is worth. Delayed public sample →

Bankruptcy claims trading, in plain terms

After a company files, creditors can sell their claims. Distressed-debt desks buy those claims, often at a discount to face, and hold them through a plan or a distribution. The trade is usually documented by a notice of transfer on the docket and a change on the claims register.

No. PACER will show a transfer once you already know the case and open that docket. It has no query for “which cases had a claim transfer this week” or “who is buying in healthcare Chapter 11s.” TrollerBk compiles claims trades from courts across the US.

A weekly report on claims trades from across the US, and the same database searchable back to 2014 by buyer, seller, case, and court. Claim-transfer docket events on the national feed; custom reports by case, transferee, and transferor; and the claims register on a named case. Disclosure statements and plans sit on the same feed, which is how desks price the pool.

No. The weekly nationwide report is for subscribers. The public site does not publish a live list of traders. A trial starts with a conversation about your mandate. We build the report and show you what matches it.

No. TrollerBk is a research product compiled from US Bankruptcy Court records (PACER / CM-ECF) and claims agents. It is not legal or investment advice.

See last week’s trades against your mandate.

Tell us how you trade: by case, by buyer, by sector, by size. We will run recent transfers against that definition before you rely on it.

Start a trial Custom reports