Trade Claims Group
Bankruptcy is often an unfortunate turn of events for the trade vendor; however, today’s creditor can be encouraged by the development of an active and fluid market for most claims as many institutional distressed debt investors have become accustomed to transacting in claims on behalf of their investment portfolios. Now commonplace, the trade claims market provides a forum for the creditor that offers competitive pricing and liquidity. In addition to converting claim assets to cash, monetizing a claim helps mitigate legal expenses and administrative time and costs associated with the management of the bankruptcy process.
Through Imperial Capital’s roots in the distressed and high yield bond markets, our firm is highly regarded and has longstanding relationships with many financial institutions and large privately managed hedge funds. Imperial Capital’s Trade Claims Group offers a bridge for trade creditors to many of these active and experienced buyers of trade claims. Our team has a combined twenty five years of experience in the claims trading business and offers the expertise, experience and relationships that enable us to deliver the highest level of execution and service
Imperial Capital can help you with any of the following types of claims:
- General Unsecured Claims
- Priority Claims
- 503(b)(9) and Administrative Expense Claims
- Reclamation Claims
- Executory Contract and Lease Rejection Claims
- Mechanic Lien Claims
- Ponzi-Scheme and Victim Claims
- Liquidating Insurance Company Claims
- Claims arising out of foreign liquidations or bankruptcies
- Securities and other assets distributed to creditors holding bankruptcy claims
The Trade Claims Group also has the capabilities to help creditors mitigate their credit risk before a bankruptcy by offering single-customer credit protection in the form of privately negotiated Put Contracts.
For more information on any of the above, please contact your Imperial Capital representative or
Victor Lafaman is a Vice President in the High Yield Sales & Trading Group, based out of the New York office of Imperial Capital. Most recently, Mr. Lafaman was an Associate Director of Trade Claims at Southpaw Asset Management. Prior to Southpaw, he was Senior Vice President at Amroc investments, LLC/Avenue Capital for 11 years and the Head of Trade Claims Sales & Trading at BDS Securities Corp., LLC for nine years.
Daniel McAnally is a Vice President in the High Yield Sales & Trading Group, based out of the New York office of Imperial Capital. Prior to Imperial, Mr. McAnally was a Vice President at Primeshares World Markets Group, LLC in New York where he gained extensive experience sourcing bankruptcy trade claims of all sizes on behalf of bank and hedge fund clients since 2007. Mr. McAnally received a Bachelor of Science in Business Administration from Georgetown University.