477 Madison Ave, New York, NY 10022 (212)3039400, (212)3196018, (212)9351831
John Bader Governing, Governing Person
HARVEST CREDIT MANAGEMENT VI B, LLC Finance and Insurance · Funds, Trusts, and Other Financial Vehicles · Other Investment Pools and Funds · Passive Debt Buyer · Debt Purchaser
1776 Lincoln St STE 900, Denver, CO 80203 5400 Big Tyler Rd, Charleston, WV 25313 2390 E Camelback Rd, Phoenix, AZ 85016 600 17 St #2800 SOUTH, Denver, CO 80202
John Bader - New York NY, US Allan Reznick - Chappaqua NY, US
International Classification:
G06F017/60
US Classification:
705/064000
Abstract:
A method and system of utilizing an insuring or other financially responsible party to pay claims to creditors in an insolvency proceeding aligns the financial incentives of creditors with the financial incentives of those funding and resolving claims. The present invention shifts the risk of administration of the claims resolution process in an insolvency proceeding away from the insolvent entity and transfers the risk to the insuring or other financially responsible party which is an economically stronger entity with lower costs of capital and superior risk management resources.