With a large corporate bankruptcy, claim buyers are ever-present. Such is the case with the PFG Fraud case. Offers are from professional claim buyers looking to buy claims at a discount to what the final claim value will be.
Claim buyers learn of your names and contact information by viewing court records. The debtor (PFG) must file schedules of assets and liabilities. Creditors holding secured claims are listed on Bankruptcy court documents Schedule D and those with unsecured claims are listed on the Schedule F. Claim buyers typically contact those with undisputed claims.
Those interested in selling their claim should get the facts from the claim buyers before making any decisions. While liquidity is always attractive, in this case it does come with a price. Some of the key questions to ask and then consider include: price, processing or management fees, claim defense costs, etc. As always, remember to read the fine print and then read it again.
Selling your claim does contain risk and risk of loss. Foremost Trading LLC is not a legal expert and cannot offer legal advice. We suggest you speak with a bankruptcy attorney for specific advice on how to protect your rights if you sell and if you should consider a sale at all.
Foremost Trading has heard of the following claim buyers but this is in no way a complete list of claim buyers:
- Prime Shares
- CapRok Capital
- Hain Capital Group
- Southpaw Asset Management LP
- CRT Special Investments (CRT Capital Group, LLC)
Foremost Trading, LLC makes no representation or endorsements regarding these persons, companies, or offers. You will be solely responsible for determining if this is appropriate for you or your account.
Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/