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…
Adam Stein-Sapir of Pioneer Funding, LLC, provides expert insights on Auraria Student Lofts’ Chapter 11 bankruptcy filing, which aims to avoid foreclosure. The property, managed by a court-appointed receiver due to previous mismanagement, has seen improvements under new management. However, DB Auraria seeks to keep the receiver in control, fearing setbacks if original owner Patrick Nelson regains control.
Adam Stein-Sapir of Pioneer Funding, LLC, discusses the case of Worth Collection’s bankruptcy trustee ordering sales reps to return commissions earned before the company’s collapse. The trustee, Douglas Tabachnik, aims to use these funds to pay creditors. Stein-Sapir notes the aggressive collection approach and the unfairness faced by the sales reps.
Joshua Bruno filed for bankruptcy on five low-income apartment complexes in New Orleans to halt foreclosure proceedings. The filings allow Bruno time to propose a reorganization plan to rehabilitate the properties. Bankruptcy expert Adam Stein-Sapir notes this indicates Bruno’s intention to retain ownership and negotiate with creditors or attract investors.
In this article, bankruptcy expert Adam Stein-Sapir of Pioneer Funding, LLC, sheds light on ABC Carpet & Home’s struggle with customer dissatisfaction and financial woes. The high-end Manhattan retailer, recently acquired out of bankruptcy, is under fire for undelivered orders and poor communication. Additionally, the landlord of its flagship store demands overdue rent, exacerbating the retailer’s challenges.
Adam Stein-Sapir of Pioneer Funding, LLC, provides expert analysis on Village Super Market’s lawsuit against Fairway Market’s former owners. Accusations include trademark infringement and fraud as the former owners allegedly divert customers to a new venture, Fresh and Beyond Specialty Grocery, leveraging the Fairway brand and customer data sold during bankruptcy proceedings.
Adam Stein-Sapir of Pioneer Funding, LLC, discusses the potential revival of Dean & Deluca following a proposed $10 million investment by Pace Development. This investment aims to reduce the gourmet grocer’s $311 million debt to $11 million, addressing vendor debts and potentially relaunching the brand on a smaller scale.
Three Alamo Drafthouse Cinema franchises in Phoenix have filed for Chapter 11 bankruptcy due to the financial strain of COVID-19. Majority owner Craig Paschich aims to reorganize finances and potentially reopen. Adam Stein-Sapir of Pioneer Funding, LLC, discusses the challenges for businesses with tight margins amid the pandemic’s uncertainty.
