Claims trading, simply put, is the purchase and sale of claims held by creditors against debtors in a bankruptcy proceeding. This includes claims for goods sold, services rendered, or damages asserted by contract counterparties such as landlords or professional service providers. Terminated financial contracts (e.g., ISDA agreements) form the basis for another frequently traded type of claim in past years. Learn more in An Introduction to Bankruptcy Claims Trading by Timothy C. Bennett.