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About Adam D. Stein-Sapir
Adam is co-founder and portfolio manager at Pioneer, a bankruptcy trade claim investment fund. Over the past ten years Adam and the team have invested in more than 100 bankruptcy cases. In support of these investment activities, he has developed a unique expertise in analyzing all aspects of commercial bankruptcy cases. Adam has served on Unsecured Creditor Committees, Plan Trust Advisory Boards and has been quoted on bankruptcy matters in the Wall Street Journal, Bloomberg, New York Post, Turnarounds & Workouts magazine, The New York Daily News and the Philadelphia Business Journal. Adam started his career in the leveraged finance group of investment bank CIBC World Markets. Following CIBC, Adam was a member of Fortress Investment Group’s direct lending team. Adam graduated from the University of Pennsylvania's Wharton School with a B.S. Economics, magna cum laude and an MBA
Articles by Adam D. Stein-Sapir
Judge Cox Clarifies Creditor Post-Petition Interest Rates
Recently, Judge Jacqueline P. Cox in the U.S. Bankruptcy Court for the Northern District of Illinois issued an opinion which reviewed Seventh Circuit precedent in determining the appropriate rate of post-petition interest for unsecured creditors in Chapter 11 cases where the debtor is solvent. The legal implications of the Judge’s decision are interesting and worthy of […]
Showdown in Spokane: The Spokane Country Club Bankruptcy Case
The bankruptcy case of the Spokane Country Club (“SCC” the “Club” or the “Debtor”) is a very interesting study of how the bankruptcy process has not only been used to disrupt the collection efforts of plaintiff creditors who have already been awarded a judgment, but also to essentially negate significant policy changes for a club that had been stipulated […]
Mega RV—Lender Compromise Provides Funds to Creditors
A recent settlement agreement in the Mega RV Corp. (“Mega” or the “Debtor”) bankruptcy highlights the interplay between an overzealous lender and a repentant business owner who came together to cooperate and provide a windfall recovery to unsecured creditors. Mega RV was founded in 2000 by Mike McMahon as McMahon’s RV. The Debtor was in the […]