What are the Pros and Cons of selling my pre-petition claim in bankruptcy?

Answer: In a sale, the rights held by the original claim-holder are transferred to the purchaser of the claim... even if the actual purchase price was substantially discounted from the face value of the claim [which it usually is].

From the seller perspective, selling a claim present an opportunity to recoup at least part of its pre-petition balance. Due to the uncertainty associated with the size and timing of payment by a bankrupt debtor, many creditors choose to sell their claim for immediate cash rather than hold onto it for a possibly better return in the future.