Congress granted creditors a right to an accelerated recovery of their claims through FRBP 3001. This rule is the foundation for selling a bankruptcy claim but, until recently, the integrity and liquidity of the claims market was challenged by an absence of the typical features of modern capital markets. Few creditors were able to identify potential purchasers, conduct price discovery and maximize competition for their claims. Online marketplaces developed, making a global market and rapid price discovery easily accessible, and allowing unrestricted competitive pressures to inform bid/ask price disclosure and immediately actionable supply and demand. Although the market has undergone a significant transformation, a number of recent cases have tested the rules and procedures of bankruptcy courts, clerks and claim administrators to properly manage the tens of millions of claims, and hundreds of billions of dollars owed annually to creditors who enjoy a right to liquidity.
• Understanding of the background/context for FRBP 3001
• Understanding of historical market characteristics and functionality
• Understanding of the emergence of online marketplaces
• Discussion of recent cases and the impediments to improved market functionality
• Discussion of opportunities for further market development and improvement
Creditor
Suggested Speakers
Brian
Davidoff
bdavidoff@greenbergglusker.com
Matthew
Sedigh
matt@x-claim.com
Andrew
Glantz
andrew@x-claim.com
Brian
Davidoff
bdavidoff@greenbergglusker.com
Greenberg Glusker LLP
We should get a speaker(s) for a lunch plenary discussion about the cutting edge legal issues relating to the former president. Does he have immunity. Did he engage in insurrection, etc.
Not everyone wants to hear about bankruptcy especially when this is front and center of the legal world.
Other
John
Lucas
jlucas@pszjlaw.com
Pachulski Stang Ziehl & Jones
