At Pioneer Funding, LLC, we provide expert guidance and insights on selling bankruptcy claims, creditor rights, distressed assets, and restructuring situations. Our co-founder, Adam Stein-Sapir, has been quoted in leading publications including The Wall Street Journal, Bloomberg, Forbes, New York Post, TechCrunch, New York Daily News, and Philadelphia Inquirer. This page features a collection of articles where Adam and our team have shared analysis and updates on recent bankruptcy filings from the perspective of a fund who buys trade claims, financial restructuring, and trends in the industry. Stay informed with the latest news and expert commentary from Pioneer Funding, LLC.
Filing for chapter 5 bankruptcy is often faster and cheaper than the better-known chapter 11, said Adam Stein-Sapir, a managing member of Pioneer Funding Group, LLC, which invests in claims against bankrupt companies.
The bankruptcy filing allows Suitable’s assets to be sold free of all legal issues, Stein-Sapir says, in a process that is “beyond reproach,” since it’s supervised by the court.
The restructuring team guiding Woodbridge through bankruptcy will likely “shy away from doing a quick…
“Toys ‘R’ Us was a game changer for people in our industry — we are definitely more cautious now,” Stein-Sapir said, also claiming that “more vendors than usual are interested in these offers.”
The $30 million in cash that Ronco tried and failed to raise in its IPO last year “was key to keeping the lights on in a business that was losing $4.5 million per year,” Adam Stein-Sapir, a bankruptcy expert at Pioneer Funding Group, told The Post. “Without it, they were forced to file for bankruptcy.”
“Regarding the debt against the owned properties-$859 million-those creditors will be participants in the whole…
The receiver estimated the company has $50 million to $100 million in liabilities.
“Their budget shows a basically break-even business,” said Adam Stein-Sapir, a bankruptcy expert at Pioneer Funding Group.
Penthouse Global Media, the company behind the legendary adult magazine created five decades ago by Bob Guccione…
“The problem is now JATCO is taking aggressive tactics to collect their debt,” Stein-Sapir said, using an abbreviation for Tiberti…
“Get rid of unprofitable stores and try to reorganize around the good ones,” Stein-Sapir said. “Prior management expanded too fast and…
“Normally when a developer is in distress and is not paying the senior lender, or the senior lender is worried about not getting repaid…
The bankruptcy filing followed the collapse of talks with the British investor group, “most likely because the cost of shutting…
The Chapter 11 filing will allow the landowner’s disputes with the lender and Home Depot to be resolved before…
“How does one steal a building someone might ask?” said Adam D. Stein-Sapir of Pioneer Funding Group.
