OFM II Purchases Claims Worth $4 Million Against Brazos Electric Power Cooperative
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April 1, 2021, Southern District of Texas – Towards March-end, it came to light that OFM II, LP has purchased four claims worth more than a whopping $4 million in the Brazos Electric Power Cooperative (the ‘Debtor’) bankruptcy.
List of claims that OFM II, LP has bought so far have been identified below:
Name of Transferor | Claim Amount | Transferee |
OU2 LLC | $433,703.70 | OFM II, L.P |
Leaffilter North Holdings, Inc | $185,925.92 | OFM II, L.P |
Destinations Low Duration Fixed Income | $2,246,666.67 | OFM II, L.P |
Crossing Bridge Low Duration High Yield | $1,233,703.70 | OFM II, L.P |
On March 1, 2021, the Debtor had filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for Southern District of Texas.