Bankruptcy claims trading

Bankruptcy claims trading starts from the transfer, not a case you already know.

PACER will show a claim 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. TrollerBk takes the court event feed, types each transfer, and puts the claims register behind it.

Custom reports by case, transferee, and transferor. Delivered by email, spreadsheet, API, or the assistant you already use.

Run the last 30 days Custom reports

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.

The desk that only opens cases it already follows sees yesterday’s paper. The desk that starts from the national transfer feed sees 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 feed

PACER is one case. Bankruptcy claims trading is a market.

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 another case, another court, another state, PACER has nothing until someone hands you that number. There is no national query for claim transfers.

TrollerBk

Start from the transfer

Docket lines arrive from the courts. We type claim transfers, attach each line to a case and a docket, and 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.

What we deliver

The report is the list. The register is the file.

Claim transfer reports

Who transferred, who took the claim, which case, which court, when it hit the docket. Living definitions, not a one-off export. Email, spreadsheet, API, or MCP.

Claims registers

Creditor, filed amounts, status, proofs of claim. On the case the transfer just named, in the same product that found the transfer.

Disclosure statements and plans

Usually the first filings that say what a plan will pay. Same national feed. Price the unsecured pool while the paper is still cheap. 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 starts from the court event feed, types each transfer line, and returns the matching cases.

Claim-transfer docket events classified across the national business-bankruptcy feed; custom reports by case, transferee, and transferor; and the claims register on a named case (creditor, filed amounts, status, proofs of claim). Disclosure statements and plans are on the same feed, which is how desks price the pool.

A trial starts with a conversation about your mandate. We build the report and show you what filed that matches it. The public site also has a delayed sample of related docket events (disclosure statements, plans, sale motions) at /latest. Same-day transfer lists are for subscribers.

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.

Describe the cut. We will build the report.

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.

Run the last 30 days Custom reports