CRG Financial
CRG Financial is a New Jersey-based specialty finance firm founded in 2009 that purchases bankruptcy trade claims and provides DIP, bridge, and receivables financing to creditors, debtors, vendors, and landlords across U.S. bankruptcy proceedings.
- Company typePrivate
- Founded2009
- HeadquartersCloster, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CRG Financial does
CRG Financial is a specialty finance company headquartered in Closter, New Jersey, that has operated since 2009 focused on bankruptcy claims purchasing and special situations financing. The firm buys trade claims from creditors owed money by bankrupt companies, providing immediate liquidity in exchange for claims at discount — covering vendors, suppliers, landlords, financial institutions, and manufacturers across sectors. Supporting services include Debtor-in-Possession (DIP) financing of $500K to $15M for Chapter 11 debtors, bridge financing for short-term liquidity gaps, Chapter Advance (non-recourse receivables advance), litigation funding, and contingency collections.
Operating through the parent (CRG Financial LLC) and two sub-brands — Bankruptcy Collection Services (BCS) for contingency claim recovery and 547 Solutions for Section 547 preference indemnity protection — the firm offers a unified platform covering pre-filing receivables advance through post-filing preference defense. The GTM motion is consultative and deal-driven: direct phone outreach, multiple website intake forms segmented by service line, content marketing on bankruptcy topics, and customer testimonials/case studies demonstrating execution speed (term sheets within 24-48 hours; a $12.5M DIP funded in 11 days).
Revenue is generated through spreads on claim purchases, interest and origination fees on DIP and bridge loans, fees on Chapter Advance receivables, contingency collection fees through BCS, and indemnity fees through 547 Solutions. Pricing is custom and quote-based for each transaction. The firm claims $300MM+ in claims monetized, 7,000+ creditors served, and 600+ bankruptcy cases across 15+ years; 51-100 employees support operations from the single New Jersey headquarters. Notable counterparties have included Reibus International, LifeMD (NASDAQ: LFMD), NeuroOne Medical Technologies (NASDAQ: NMTC), FMI Aerostructures, and Purdue Pharma L.P., with recent case work spanning Big Lots, Rite Aid, Spirit Airlines, Party City, and Pier 1 bankruptcies.
CRG Financial firmographics
Firmographics- Name
- CRG Financial
- Legal name
- CRG Financial LLC
- Website
- https://crgfinancial.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CRG Financial is a New Jersey-based specialty finance firm founded in 2009 that purchases bankruptcy trade claims and provides DIP, bridge, and receivables financing to creditors, debtors, vendors, and landlords across U.S. bankruptcy proceedings.
- Ownership category
- akta.pro rank
CRG Financial industry classification
Industry- Product category
- Specialty Finance — Bankruptcy & Distressed Asset Services
- NAICS
- Nondepository Credit Intermediation (5222), Collection Agencies (561440), Activities Related to Credit Intermediation (5223)
- SIC
- Miscellaneous Business Credit Institution (6159), Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Debt Buying / Portfolio Acquisition & Recovery (Debt Purchasers) (BPAAAEAG)
- akta.pro secondary industry
- Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE)
Keywords
Where CRG Financial is headquartered
LocationHeadquarters
- HQ city
- Closter
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CRG Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Bankruptcy Claims Purchasing: CRG Financial purchases bankruptcy trade claims from creditors, providing immediate liquidity in exchange for claims at a discounted value. The company assumes the risk of recovery and monetizes claims through the bankruptcy process.
- DIP Financing: Debtor-in-Possession financing provided to companies in Chapter 11 bankruptcy. CRG provides super-priority secured loans typically ranging from $500k to $15M, earning interest and fees on deployed capital.
- Bridge Financing: Short-term interim financing solutions for businesses facing liquidity gaps during transitional periods. Structured as secured loans with clear repayment timelines, often supported by accounts receivable.
- Chapter Advance (Receivables Advance): Non-recourse advances on receivables owed by distressed or bankrupt companies. CRG advances capital against qualified invoices, taking on collection risk. Not a loan - no interest or balance sheet debt incurred by the client.
- Preference Indemnity (547 Solutions): Indemnification services protecting creditors from preference claims (clawbacks) under Section 547 of the Bankruptcy Code. One-time fee coverage for complete protection against preference liability, including claim handling and resolution.
- Bankruptcy Collection Services (BCS): Contingency-based collections services for unsecured creditors in bankruptcy. BCS handles claim filing, monitoring, and recovery on behalf of creditors with no upfront costs - only paid when funds are recovered.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom pricing based on claim assessment |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
CRG Financial product offering
Product offeringCore offering
CRG Financial purchases bankruptcy trade claims from creditors, providing immediate liquidity in exchange for claims at a discount. The company also offers special situations financing—including Debtor-in-Possession (DIP) loans, bridge financing, and Chapter Advance receivables advances—to debtors and creditors navigating bankruptcy and distressed situations. Two affiliated service lines, Bankruptcy Collection Services (BCS) and 547 Solutions, extend the offering with contingency-based collections and preference claim indemnification.
Product overview
CRG Financial operates as a specialty finance company offering a unified platform of bankruptcy and distressed asset solutions. The core offering comprises bankruptcy claims purchasing, where CRG buys trade claims from creditors for immediate cash, supplemented by four specialized financing products: Chapter Advance (receivables advances against bankrupt/distressed company invoices), DIP Financing (court-approved super-priority loans for Chapter 11 companies), Bridge Financing (short-term liquidity until defined liquidity events), and Litigation Funding (capital for legal proceedings). Two sub-brands extend the platform: BCS (Bankruptcy Collection Services) handles collections on behalf of creditors on contingency, while 547 Solutions provides preference claim indemnification to protect creditors from bankruptcy clawbacks. These products interlock to serve creditors at every stage of bankruptcy proceedings—from pre-filing liquidity through claim monetization to preference defense.
Differentiator
Problem solved
Functional benefit
Brands
- Bankruptcy Collection Services (BCS): Collections arm of CRG Financial specializing in recovering funds from bankrupt debtors on behalf of unsecured creditors on a contingency basis.
- 547 Solutions
- Chapter Advance
Products and services
- Bankruptcy Claims Purchasing
Quantifiable outcome
- Over $300 million in bankruptcy claims monetized for creditors
- +4 more outcomes
Companies that use CRG Financial
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
CRG Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CRG Financial partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
CRG Financial competitors and assessment
Company assessmentDirect peers
- B. Riley Financial: Publicly traded B. Riley Financial operates a special situations and claims trading business alongside its investment banking and asset management franchises, directly competing with CRG in bankruptcy claim acquisition and DIP/special situations financing.
- Stretto: Stretto is a leading bankruptcy services platform combining claims agent, noticing, and active bankruptcy claim purchasing. It is the most direct competitor to CRG's claims-purchasing core, serving the same creditor base in Chapter 11 cases.
- Hilco Global: Hilco Global is a privately held diversified financial services firm providing asset valuation, DIP lending, and special situations capital to distressed and restructuring situations, with significant overlap to CRG's mid-market DIP and bridge financing products.
- Gordon Brothers: Gordon Brothers is a global advisory, financing, and investment firm specializing in the retail, industrial, and consumer products sectors. It provides valuation, lending, and asset disposition services to distressed companies, competing with CRG's DIP, bridge, and special situations offerings.
- Peachtree Financial Solutions: Peachtree Financial Solutions is a specialty finance company focused on purchasing bankruptcy claims and providing post-petition financing to companies in Chapter 11, making it a close functional peer to CRG's claims-purchasing and DIP business.
Broad incumbents
- Ankura Consulting: Ankura is a global professional services firm with a sizable restructuring and turn-around practice that advises distressed companies and creditors. It competes with CRG on the advisory and capital-sourcing side of mid-market Chapter 11 situations, although it is not a direct claim purchaser.
- Alvarez & Marsal: Alvarez & Marsal is a global professional services firm with a leading restructuring practice advising on large and mid-market Chapter 11 proceedings. It competes with CRG for debtor-side mandates and is frequently involved in DIP structuring alongside specialty lenders.
- Kroll (Restructuring): Kroll's Restructuring practice (formerly Duff & Phelps) provides restructuring advisory, valuation, and special situations services to distressed companies and creditors. It is a broad incumbent that competes with CRG for restructuring advisory mandates and is often present on the same large Chapter 11 cases.
- Epiq Corporate Services: Epiq is a major bankruptcy administration and class action services firm that also participates in claims purchasing through its bankruptcy solutions group. It competes with CRG's BCS sub-brand and adjacent claims trading activities, particularly as a claims agent in large cases.
Emerging players
- Portage Point Partners: Portage Point Partners is a middle-market-focused advisory firm offering restructuring, capital solutions, and special situations services. It overlaps with CRG on the financing side for distressed mid-market companies and increasingly competes for DIP and bridge mandates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
CRG Financial social profiles
Digital presenceCRG Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
CRG Financial leadership team
Management profileNumber of profiles
CRG Financial subsidiaries and ownership
Company hierarchySubsidiaries2 records
CRG Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CRG Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CRG Financial
What does CRG Financial do?
CRG Financial purchases bankruptcy trade claims from creditors, providing immediate liquidity in exchange for claims at a discount. The company also offers special situations financing—including Debtor-in-Possession (DIP) loans, bridge financing, and Chapter Advance receivables advances—to debtors and creditors navigating bankruptcy and distressed situations. Two affiliated service lines, Bankruptcy Collection Services (BCS) and 547 Solutions, extend the offering with contingency-based collections and preference claim indemnification.
Is CRG Financial a public or private company?
CRG Financial is a private company. It is classified as unknown and is currently operating.
When was CRG Financial founded?
CRG Financial was founded in 2009. It employs 51 to 100 people.
Where is CRG Financial based?
CRG Financial is headquartered in Closter, United States, in the North America region.
How does CRG Financial make money?
Six revenue lines are on record. Bankruptcy Claims Purchasing is the primary driver. The others are DIP Financing, bridge Financing, chapter Advance (Receivables Advance), preference Indemnity (547 Solutions) and bankruptcy Collection Services (BCS).
Who are CRG Financial's main competitors?
Direct peers on record are B. Riley Financial, Stretto, Hilco Global, Gordon Brothers and Peachtree Financial Solutions. Broad incumbents are Ankura Consulting, Alvarez & Marsal, Kroll (Restructuring) and Epiq Corporate Services. Portage Point Partners is listed as an emerging player.
Does CRG Financial have an API?
No public API is recorded for CRG Financial.
What industry is CRG Financial in?
CRG Financial's product category is Specialty Finance — Bankruptcy & Distressed Asset Services. Its primary akta.pro industry code is BPAAAEAG, Debt Buying / Portfolio Acquisition & Recovery (Debt Purchasers), with a secondary code of FSAHAJAE, Direct Lending — Asset-Based Lending (ABL). Its NAICS code is 5222 and its SIC code is 6159.