In 2018, the Chapter 11 claims trading market generated $45 billion of claims sales. Three Chapter 11 cases generated the highest volume of claims trading: Lehman Brothers, Westinghouse Electric and Toys R Us. Because of their global tentacles including physical locations, global financing and insurance, supply chain and affiliates, creditors around the globe held claims against these and many other Chapter 11 debtors. While non- U.S. creditors may have utilised traditional remedies and strategies to recover payment in Chapter 11, such creditors should also consider the highly-developed U.S. claims trading market as a potential solution.
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