Home Claims Trading OFM II Purchases Claims Worth $4 Million Against Brazos Electric Power Cooperative

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 TransferorClaim AmountTransferee
OU2 LLC$433,703.70OFM II, L.P
Leaffilter North Holdings, Inc$185,925.92OFM II, L.P
Destinations Low Duration Fixed Income$2,246,666.67OFM II, L.P
Crossing Bridge Low Duration High Yield$1,233,703.70OFM 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.

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