We Buy Your Assets for a Dollar

A position you've already written off privately is still on your balance sheet.

You hold the asset at cost or at some optimistic mark. Your accountant treats it as live. You can't realise the loss without a transaction. And no real buyer is going to step up to take it off you — because if it were worth real money you wouldn't be looking to sell.

So it sits. Year after year. Tying up a tax loss you can't book, distorting your portfolio reporting, occupying the small amount of attention you'd rather spend on something productive.

There's a clean way out: we buy the position from you for $1.

What that actually does

A $1 sale is a real arm's-length transfer to a third party. Your accountant gets the trade confirmation. You realise the loss for tax purposes — at the difference between your basis and $1 — in the year of the transfer. The asset comes off your books.

We take title. From that point we own it.

What we do with it after is our problem. Sometimes we run a workout. Sometimes we sit on it for years. Sometimes we sell it on for $2 to someone with a more specific use. The economics of what we recover, if anything, are ours — they're not retroactively yours.

You walk away with a clean balance sheet, a deductible loss, and zero further obligation on the position.

Why this works

You probably tried to sell it already and got nowhere.

That's because most buyers — banks, distressed funds, real-money allocators — won't underwrite something this small. The diligence cost exceeds any plausible recovery. They look at the position, see no clean path, and pass.

We're built differently. Two decades of credit and workouts means we already know the patterns. The diligence cost on a $1 trade is whatever a couple of hours of our time is worth — that's a workable budget for a position someone else couldn't price at all.

We don't pretend the position is worth more than it is. The price reflects what it's worth to a third party with eyes wide open: a token consideration to make the transfer legal, plus our willingness to take on the work of trying to recover something.

What we buy at $1

The positions that fit this structure usually share a few traits.

• Illiquid, with no functioning bid.
• Documented enough that there's something to transfer (a loan agreement, an equity certificate, a partnership interest, a judgement).
• Small enough that the institutional buyers don't bother — generally under a few million in face.
• Held by a counterparty who isn't actively cooperating but isn't outright bankrupt.
• Stale enough that your view on recovery has been "low" for at least a year.

Defaulted notes. Frozen partnership interests. Subscriptions in vehicles whose GP has disengaged. Receivables a lawyer kept telling you "we're working on." Equity in companies that quietly died. Side-pocketed positions where the underlying never recovered.

If you've been carrying one of these for years, the option is worth a conversation.

What we won't do this for

If the asset has obvious value and you're just looking for the tax loss without giving anything up, we're not the right counterparty. The trade only works for things that genuinely have no real bid.

If the asset is encumbered in a way that makes transfer questionable, or if you're under court-supervised process where a $1 sale wouldn't survive scrutiny, the same answer. Talk to a workout lawyer first.

If you're hoping we'll buy at $1 and quietly hand the recovery back, that isn't a clean transfer — it's a sham, and your accountant will tell you the same thing. We don't structure those.

The honest floor

Most $1 positions stay at $1. Some go slightly higher, after a slower and lonelier process than the original investment ever was.

What we offer the seller is certainty: a clean exit, a real loss, a finished chapter, and someone else's name on the asset from the next quarter onward.

If you have something that fits, send us the docs. We'll come back inside a week with a yes, a no, or a "this isn't $1 — it's worth something, here's what we think you should actually do."