I agree with Clanci.  I would be curious to know how they arrived at the amount they offered you.  They must have done some research to determine that the eventual payout to unsecured creditors will be sufficient for them to make a profit.  But, I'm not sure how that works.

In any regard... a client in bankruptcy is distressing and as a small creditor you really have very little control.  If you retain your claim, you will probably just end up waiting and hoping to get something.  It may make sense to take the offer and get something now, so you don't have to worry about it anymore.  A company that buys bankruptcy claims may be able to accumulate enough of them to be a majority creditor and have a little more influence to make a better deal in bankruptcy.  An option not available to you.

Let us know what you decide and how that works out for you.

Best,
Robert A. Franco
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