Home Claims Trading Banks Dump Over $50M in LATAM BK Claims

Banks Dump Over $50M in LATAM BK Claims

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July 28, 2022, US Bankruptcy Court for Southern New York – Barclays Bank and Citigroup Financial Products, Inc. transfer claims in the face amount of millions in the bankruptcy case of LATAM Airlines Group. Marathon Distressed Creditor Master Fund, MBD 1 Ltd and Red Pines LLC are the prominent transferees. 

Some of the claims transferred are as follows: 

Transferor Transferee Claim No. Claim Amount 
Barclays Bank Marathon Distressed Creditor Master Fund 2723 $1,872,291.97 
Barclays Bank Marathon Distressed Creditor Master Fund 3201 $7,176,936.00 
Barclays Bank Marathon Distressed Creditor Master Fund 4548 $5,107,248.28 
Barclays Bank Marathon Distressed Creditor Master Fund 2304 $7,827,352.18 
Citigroup Financial Products, Inc. MBD 1 Ltd 6272  $10,000,000.00 
Citigroup Financial Products, Inc. Red Pines LLC 6271 $2,252,170.00 
Citigroup Financial Products, Inc. Red Pines LLC 6228 $2,179,212.00 

In re LATAM Airlines Group, S.A., Case No. 20-11254, US Bankruptcy Court for Southern New York 

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