- Why has ASM Capital contacted me?
ASM Capital is offering creditors in certain bankruptcy cases an opportunity to liquidate their bankruptcy claims for an immediate cash settlement.
- How did ASM Capital find me?
The Bankruptcy court requires a Debtor to provide a list of all of its creditors to the court in a publicly available document. ASM Capital also tracks the filing of proof of claims in cases in which it is active.
- If I want to sell my claim to ASM Capital, what is the next step?
In addition to a signed Purchase Agreement, ASM Capital may require supporting documentation to purchase your claim. This documentation may take the form of invoices, purchase orders, contracts, or other correspondence including a copy of your filed proof of claim.
- Do I need to have a Proof of Claim filed to sell my claim?
Not necessarily. It depends on the circumstances of your claim and the case itself. ASM Capital can assist you in filing a Proof of Claim, or, if we purchase your claim, we can also file a Proof of Claim in the case on your behalf.
- If I sell my claim to ASM Capital, when can I expect payment?
Generally, ASM Capital sends out checks within 7 to 10 business days of having received a signed Purchase Agreement. ASM Capital can also send its payment via a wire.
- Will ASM come back to me for a refund if the ultimate recovery from the bankrupt company pays less than the sales price?
No, as long as the claim itself is not reduced or disallowed.
- Does ASM Capital have account information to help me reconcile the claim to my receivables records?
No. ASM Capital is unaffiliated with the bankrupt company and is operating as a third-party purchaser.
If you have any questions about selling your claim, please contact ASM Capital
The Asm Capital Team includes experts in bankruptcy law, analysis and administration.