Closing Deals With First-Time Sellers in the Trade-Claim Market
Dow Jones Daily Bankruptcy Review
1/5/2011
Francis J. Earley and Dominic J. Picca
"Buyers in the trade-claim market generally are sophisticated financial institutions that specialize in buying and selling of trade claims. Sellers, on the other hand - often trade creditors of a debtor - have little to no experience selling their claims and are unfamiliar with the tradeclaims market. Given these imbalances, misunderstandings concerning the nature of the transaction and whether a binding agreement was reached often ensue."
In this article, "Closing Deals With First-Time Sellers in the Trade-Claim Market," published on January 5, 2011 in Dow Jones Daily Bankruptcy Review, Mintz Levin attorneys Francis J. Earley and Dominic J. Picca offer tips to assist buyers when closing trades with first-time sellers.
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