Home Claims Trading Invictus Global Management Purchases Another Claim Worth $300k in the RTW Retailwinds Bankruptcy

Invictus Global Management Purchases Another Claim Worth $300k in the RTW Retailwinds Bankruptcy

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January 22, 2021, New Jersey – Invictus Global Management, an alternative asset management firm that invests in distressed securities, recently bought a claim worth $300k in RTW Retailwinds bankruptcy.

Specifically, Invictus purchased a claim worth $357,611.51 from a readymade garment retailer, Madhu Chawla Design Trend Pvt Ltd.

Previously, Invictus purchased about 10 claims in the Debtor’s bankruptcy case last year, in November and December 2020, aggregating to several hundred thousand, possibly over $5million in claims. The claims purchased so far appear to be in the range of $150k – over $950k.

On July 13, 2020, RTW Retailwinds and eleven affiliated debtors filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. The cases are pending before the Honorable Judge John K. Sherwood and are jointly administered under Case No. 20-18445.

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