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In the Matter of v. Ual Corporation,Et Al

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ARGUED OCTOBER 22, 2010

Before KANNE, TINDER, and HAMILTON, Circuit Judges.

A claims trader buys claims against bankrupt debtors from creditors at a discount. See In re Kreisler, 546 F.3d 863, 864 (7th Cir. 2008). This appeal addresses how purchased claims can be affected by a debtor’s decision to assume or reject executory contracts from which those claims arose. We affirm the district court’s judgment holding that the purchaser of a pre-petition unsecured claim arising from executory contracts is not entitled to a “cure” that would pay it 100 cents on the dollar for the claim because the debtor did not assume the executory contracts at issue.

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