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How to sell your claims.(credit column)

Business Credit

| October 01, 2007 | Barron, Jacob | COPYRIGHT 2007 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"Selling and buying claims is probably one of the most lucrative areas," said Bruce Nathan, Esq. "If you're smart and you do your homework on this, you can actually do very well on the sale of your claims."

As bankruptcy claims continue to recover from the initial stall that followed the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, claims sales are becoming an ever-more popular way to curb the risks associated with being an unsecured creditor in a bankruptcy proceeding. When it's done right, claim sales can work out well for creditor companies, because the sale is an instant realization of a locked in amount of cash, which, all ...

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Source: HighBeam Research, How to sell your claims.(credit column)

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