Purchase of claim against a city council from insolvent company

Client

Company under insolvency proceeding

Type of lawsuit:

Insolvency proceedings and restructurings, quantity claim

Solutions:

Purchase of bankruptcy receivable, purchase of lawsuit or award

Problem

The plaintiff’s insolvency administrators required liquidity to pay creditors and finalize the insolvency proceedings. The insolvent company had a favorable ruling against a municipality, but the municipality was not paying voluntarily and the insolvency administrators could not afford to wait the required time to file a claim for payment against the municipality

Solution

Claimbnb acquired the claim of the insolvent company in exchange for the payment of an amount that was used to pay creditors and also remunerate the shareholders of the insolvent company

Result

Claimbnb filed the lawsuit in its behalf, after having acquired the final ruling against the municipality. As a result, the insolvency proceedings could be concluded without need to hold it for years until the resolution and collection of the claim

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