Holding a claim against a bankrupt company, fund, exchange or protocol? List it on an iClaim market and let buyers bid. You see the price before you sell, and you are paid when the sale settles.
Terra creditors
The Terra claims marketplace is live. Enter your Allowed amount, see a firm offer in about a minute, and receive USDC within 24 hours of signing.
On a marketplace built for your case, or on the iClaim secondary market. Either way, buyers set the price and you decide.
Some cases have their own marketplace built on iClaim, like TerraClaim for Terra Luna claims. Enter your claim and see a firm price from its buyers.
Best for: creditors in a case with a live marketplace.
Your claim is verified and listed on an iClaim market, where buyers bid on it.
Best for: sellers who want buyers to compete and have time to compare bids.
There is no single best option. It depends on how fast you need the money and how much risk you want to keep.
| Option | How it works | Best for | Watch out for |
|---|---|---|---|
| Wait for distributions | Keep the claim and collect whatever the estate pays, whenever it pays. | Creditors who can wait years and expect a high recovery. | Delays, disputes, plan changes, and a recovery that may come in lower than expected. |
| iClaim case marketplace (e.g. TerraClaim) | A marketplace built for one case, where buyers fund a firm price for your claim. | Speed and certainty in a case with a live marketplace. | Only where a case marketplace is live. You give up any upside above the agreed price. |
| iClaim market listing | Your claim is verified and listed, and buyers bid against each other. | Sellers who want competing bids and can take time to compare. | Bids depend on demand for the case. |
| Other claims marketplaces (e.g. Xclaim) | Online marketplaces and brokers where buyers bid on listed claims. | Claims in large, actively traded US cases. | Case coverage, fees and verification differ by platform. Compare bids. |
| Specialist funds and buyers | Distressed-debt funds buy claims directly, usually negotiated one to one. | Large claims. | Minimum sizes: smaller claims are often not worth their time. |
As of October 2026. Compare more than one bid before you sell.
Four questions to answer before you decide. The more of them you answer “yes”, the stronger the case for selling now.
Distributions in large cases often take years. If you need cash sooner, waiting has a real cost.
Without a date you can’t plan around the payout. A sale replaces an open-ended wait with a fixed date.
Lawsuits, disputed claims and new creditors can all change what the estate pays. A sale fixes your price today.
If one claim is most of your exposure, selling it reduces the risk you carry.
Compare a bid today with what waiting could pay, in today’s money.
On these numbers, waiting is worth more, if your estimates hold.
Illustrative only. It leaves out taxes and fees, and the recovery can land above or below your estimate.
Three steps either way. The platform handles the legal and operational work in between.
Register it on the claims portal: the debtor, the amount, and your proof of claim if you filed one.
The claim is checked and listed on the secondary market, where buyers bid on it.
Accept a bid, sign the assignment, and the transfer settles through the platform.
Rated 5.0 out of 5 on Trustpilot from 11 reviews, as of October 2026. Quotes are unedited.
All reviews on TrustpilotSold my Terraform Labs claim
“Whole process took maybe 10 minutes. Verification call was smooth and payment landed within 2 days. I’ve been through FTX claims with other providers. This is on another level. Best experience I’ve had with a claim service so far.”
Finally closing the Terra chapter for good
“I sold my Terra claim through TerraClaim, and honestly, the whole experience was better than I expected. The process speed was really good, and the responsiveness too: every question I had got answered fast, no waiting for days like with other services. Matthieu and Finn really helped me a lot through every step. After everything that happened with Terra, I can finally close this chapter for good.”
“I urgently needed liquidity but was concerned about scams. TerraClaim handled everything professionally, and I received my payment in just 3 hours.”
Selling a claim is a trade-off. Here is what changes when you do.
Every case is different. You see the bids before you decide.
Insolvency looks different in every market. Wherever the claim sits, we build the process to verify it and the market to trade it.
Anything else, write to us with the details of your claim. hey@iclaim.xyz
It depends on what you need. Sell if you want cash now, or don’t want to carry the risk of delays, disputes and a lower recovery than expected: you get a fixed price and the buyer takes on the wait. Wait if you can afford to, and expect the estate to pay out more than buyers offer today. If you sell, list the claim and let buyers compete for it, or use a marketplace built for your case, like TerraClaim for Terra Luna claims.
Claims against insolvent companies and protocols: corporate bankruptcies, crypto exchange failures, DeFi exploits and protocol collapses. Send us the details and we’ll tell you whether there’s a market for your claim.
Buyers bid on your claim. The price depends on the claim amount, the expected recovery and how long the case is likely to take. You see the bids before you decide, and you don’t have to accept any of them.
When the sale settles, not when the estate distributes. Timing depends on the case and its transfer process.
It helps: a filed and allowed claim is the easiest to sell. If you haven’t filed, or your claim isn’t allowed yet, send us the details and we’ll tell you what’s possible.
The seller signs an assignment agreement with the buyer. In US bankruptcy cases the transfer is then recorded with the court under Bankruptcy Rule 3001(e); other jurisdictions have their own process. The paperwork is handled through the platform.
The buyer takes your place as the creditor and receives any future distributions. You keep the sale price, and the buyer carries the wait and the risk.
Selling is final: if the estate later pays more than your sale price, the buyer keeps the difference. Claims that are disputed or not yet allowed sell for less, or not at all, and some transfers need a court filing before they settle.
No. iClaim builds and runs the markets. The buyers are institutional investors and funds who bid on verified claims; on the Terra claims marketplace, institutional buyers fund each purchase.
Send us the debtor, the claim amount and your proof of claim if you filed one. We’ll tell you whether there’s a market for it.