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  1. #1
    Join Date
    Jan 2011
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    1

    Default How Do I Sell an Arbitration Award

    My question involves business law in the state of: OHIO

    I have an award for almost 2 million dollard. Can I sell this and if so how much can I be expected to get in return

  2. #2
    Join Date
    Sep 2010
    Posts
    19,256

    Default Re: How Do I Sell a Arbitration Award

    There are companies that will do this. I have no idea what they charge, but unless you are desperate for the cash now, they probably can't make economic sense.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How Do I Sell a Arbitration Award

    Some arbitration awards aren't worth the paper they're written on. Others can be reduced to judgments. If yours can be reduced to a judgment and you have not yet done so, reduce it to a judgment.

    Whether or not a factor will be interested in acquiring your award depends largely upon two factors: The amount of money involved and the odds of recovering money from the debtor. They'll make an offer based upon their evaluation of the award, offering a percentage that takes into consideration both the risk and provides for what they believe to be a reasonable return on their investment - that's not just paying you, but also their subsequent collection efforts. If your $2 million arbitration award has a 80% chance of recovery, they might offer you 40-50% of face value; if it has a 1% chance of recovery, they might offer you .25% or less - or just say "Thanks, but no thanks". (These figures are examples, not promises. Your actual experience will vary.)

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