'How much is my claim worth' has no general answer. Value is not a table-based percentage of nominal; it is the result of assessing specific factors. The overview below explains which ones.
Documentation quality and completeness
A documented claim is worth something different from one resting on verbal assurances. A missing proof of payment or incomplete terms complicate the review.
Complete documentation usually shortens the review and reduces uncertainty.
The issuer's situation
It matters whether the issuer communicates, whether it performs other obligations and what stage the case is at. Pre-maturity, post-maturity and ongoing proceedings are different situations.
Only documented facts count — not speculation about the issuer's assets.
Security and ranking
The existence of security, its real value and the ranking of the claim can change value substantially. A subordinated claim has a different profile from a senior one.
Security described in documentation is not necessarily security that exists and is enforceable.
Time and cost of recovery
Every year of expected enforcement and every unit of cost feeds into the outcome. That is the main reason a settlement price differs from nominal value.
Nobody can guarantee the outcome of enforcement in advance; only settlement terms can be guaranteed.
To learn what your claim is worth, have it assessed against actual documents — there is no other way.
This text is general information for bondholders. It is not legal advice and not an investment recommendation. Capital Investing Ventures a.s. is not a law firm. Any individual assessment depends on the specific documentation and circumstances of the case.