CLAIMS TRANSFER: If you have received a letter from us offering to purchase your claim, you are listed as a creditor in a bankruptcy proceeding. The letter you received extends our offer to sell your claim to us in exchange for the amount stated.
We base our offers on several factors including the amount of the claim, the Debtor's financial condition, our estimated time the company will be in bankruptcy, and our estimated return.
To accept our offer, simply complete the Notice of Transfer of Claim form and return it by mail, email or by fax. Upon our receipt we will process for payment pursuant to the terms of the offer letter you received with most payments being made within 5 business days.
(NOTE): Other Claims Buyers offers are often unclear as to the timing in which you will receive payment and it may be weeks or even months before you are paid by them.
If you have received offers from other companies, we encourage you to review the terms of their offer carefully, in particular:
1.Ensure that the payment terms for the purchase of your claim are clear. Other claims buyers often leave out terms of when they will remit payment to you. They may also include language that might allow them to never actually pay for the claim.
2.Some agreements contain language that gives the purchaser the right to Re-Transfer the claim back to the seller at their sole discretion.
3. Some agreements charge interest rates up to 10% if the claim is subsequently reduced.