* Number of claims traded lowest since July 2009
* Value of claims traded rises 35 pct
WILMINGTON, Del. Feb 22 The number of U.S.
bankruptcy claims that traded in January fell to the lowest
level since July 2009 as more companies emerged from Chapter
11, according to data released on Tuesday.
However, the value of the claims traded rose 35 percent
from December to $2.55 billion, according to SecondMarket,
which runs a bankruptcy claims trading marketplace.
The increased value was due in part to a spurt of large
claims related to the Mesa Air Group Inc bankruptcy, with 39
claims traded worth $170.1 million.
In total, 636 claims traded, down from 687 claims traded in
December. It was the lowest number of claims traded since 592
claims were transferred in July 2009.
Bankruptcy-claims trading allows creditors with claims
against bankrupt companies sell their interests to investors
before the conclusion of a bankruptcy case.
As it does nearly every month, the largest bankruptcy in
U.S. history, Lehman Brothers Holding Inc LEHMQ.PK, led with
236 claims traded, totaling $2.19 billion.
Other actively traded bankruptcies included companies that
are being liquidated -- Circuit City Stores Inc, Lack's Stores
Inc and Cabrini Medical Center -- as well as Tronox Inc
TRXAQ.PK, a chemical company that recently emerged from
Chemical company W.R. Grace & Co (GRA.N), which is expected
to emerge soon from its 10-year stay in bankruptcy protection,
was also among the most actively traded claims.
(Reporting by Tom Hals; editing by Gunna Dickson)