Selling your claim
Can you sell a Terra claim that is still under review?
Not yet. Only Allowed claims can be sold through TerraClaim. A claim that is still waiting for its Initial Determination, is in review or is disputed has to reach Allowed first. You can upload your CLC form and leave your email now, and you are told as soon as your claim clears.
This page explains each unresolved status, why a sale has to wait for an Allowed amount, and the steps that move your claim toward Allowed.
Facts checked
The statuses people mean by under review
People say a claim is under review when it is anything other than Allowed. In the claims portal that covers several situations, and each one matters differently for a sale. Our claim status guide explains every status in full; this table shows only what each one means for selling.
| Status | What it means | Selling now |
|---|---|---|
| Awaiting Initial Determination | The Plan Administrator has not decided your claim yet. Determinations go out in rolling 30-day cycles, which began in August 2025 | Not yet. Leave your email and you are told when it clears |
| Individualized Review | You proved ownership with manual evidence instead of a wallet signature or read-only API key, so your evidence is reviewed one by one | Not while the portal shows no Initial Determination |
| Additional information requested | Kroll asked you for more evidence. 5,285 claimants were asked (Dkt. 1392) | Not while the portal shows no Initial Determination. Answer Kroll first |
| Disputed | You disputed your Initial Determination. Evidence is due within 60 days of receiving it, then a Final Determination follows: 30 days to dispute it, and 90 days from receiving it to object in court | Not yet. The dispute has to be resolved and the claim Allowed first |
| Allowed | The amount is set | Yes: see how to sell a Terra claim |
Why buyers treat an unresolved claim differently
A buyer values a claim on its Allowed amount. Until that amount is set, the buyer does not know exactly what it is buying: the claim may be allowed in full, allowed for less, or expunged. It may also take longer to resolve, and the first Final Determinations have been issued; some claimants have objected to theirs in court (Dkt. 1392).
That is why an Allowed claim is the simplest to sell, and why a buyer looks at each unresolved claim on its own facts before deciding whether it can make an offer at all. If a buyer does make one, expect it to reflect the extra time and risk. Our guide to Terra claim prices explains what moves the number.
What TerraClaim does with a claim that is not Allowed
Only Allowed claims can be sold through TerraClaim. Upload your CLC form anyway and leave your email: the upload reads your claim's status, and you are told as soon as it clears so you can see an offer.
If the form shows a disputed claim or one that is not final, you are offered a free Second Look: TerraClaim checks your determination and tells you what you can still do. Finding out costs nothing, because sellers pay no fees, and nothing is final until you sign a Transfer of Claim Agreement.
What to do while your claim is under review
- Answer Kroll first. If Kroll asked for more information, respond through the portal only, before the deadline in the request. See what the request means.
- Keep your documents together. Save your CLC form, every Kroll email and the evidence you filed. You need them for a dispute and for a sale.
- Read your determination closely when it arrives. It comes from Kroll as a Notification of Initial Determination. Our guide to the Initial Determination explains your options.
- Decide whether to dispute. If the amount looks wrong, check your deadlines first. Second Look gives a free review of whether a challenge is worth it, and the dispute process explains each stage.
- Do not pay anyone to speed things up. Nobody outside the process can move your claim up the queue.
Why a dispute has to be resolved first
A buyer values a claim on its Allowed amount. While a dispute is open, that amount is not set: the claim can still be allowed in full, allowed for less, or expunged, and the first Final Determinations have been issued; some claimants have objected to theirs in court (Dkt. 1392). That is why a disputed claim cannot be sold through TerraClaim until it is resolved.
Once your claim is Allowed, the sale works like any other: you sign the Transfer of Claim Agreement, the buyer pays you directly, and the transfer is filed with the court under Rule 3001(e). In a standard sale you receive one payment and the buyer carries the wait from then on. Every term of your sale is written in the Transfer of Claim Agreement you sign.
How a sale works on TerraClaim
- 1Download your CLC form (the claim image) from claims.terra.money and upload it on TerraClaim.
- 2Confirm the claim is yours with the link sent to the email address on the claim. Your firm cash offer appears on the page and in your inbox.
- 3Accept the offer, then complete onboarding: payout details and identity verification (government ID and proof of address, about five minutes).
- 4A ten-minute verification call: you share your claims-portal screen and a specialist confirms the claim number, allowed amount and payout details.
- 5Sign the Transfer of Claim Agreement. The buyer pays you directly: USDC within 24 hours of signing, often faster, or a bank wire sent within 24 hours (arrival depends on your bank). The transfer is filed with the court.