Frequently Asked Questions

Common questions from creditors considering our claim purchase offer.

What is a bankruptcy claim purchase?

A bankruptcy claim purchase is a transaction in which a creditor sells their right to receive payment from a bankruptcy estate. You receive an agreed-upon amount now, and the buyer (Eterna Claims Group) assumes the claim in your place.

Why would I sell my claim instead of waiting for the bankruptcy to conclude?

Bankruptcy cases can take years to resolve, and final distributions are uncertain. By selling your claim, you receive a guaranteed payment now, rather than waiting for an unknown outcome at an unknown future date.

How is the offer price determined?

We base our offers on the specifics of the bankruptcy case, including the debtor's assets, liabilities, the nature of your claim, and our assessment of the likely recovery. Each offer reflects the risk and time value involved.

Do I have to accept the offer?

No. Participation is entirely voluntary. If you choose not to sell, you retain your claim and continue as a creditor in the bankruptcy case.

What information do I need to provide?

We will ask you to verify your identity and your authority to act on behalf of the creditor. This may include providing documentation such as proof of claim, company authorization, or government-issued ID.

How long does the process take?

Once you accept an offer and complete the required steps, payment is typically initiated within a few business days, subject to any court-required waiting periods.

Is this legitimate?

Yes. Claim trading is a well-established practice in bankruptcy proceedings and is governed by federal bankruptcy rules. We operate under applicable laws and work with legal and financial professionals to ensure compliance.

Unfamiliar with bankruptcy terms?

See our glossary for definitions of common terms like "proof of claim," "assignment," and "unsecured creditor."