Patriot Bank recovers less than 20% of Parker’s $50M-$100M liabilities

Market overview

Patriot Bank, Parker’s credit card partner, holds liabilities in Parker’s bankruptcy case. Given Parker’s asset range and high creditor count, recovery rates for unsecured claims are historically low in Chapter 7 bankruptcies. Patriot Bank’s net loss is expected to exceed 80% of its exposure.

price prediction market

Implied probability (Yes)

75%

Source: user-generated

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