We are 507 Capital.
We unlock capital trapped in bankruptcies and insolvencies by purchasing claims and distressed assets.
We provide financial solutions to individuals and businesses who do not want, or cannot, own illiquid assets and receivables in unusual situations.
More About Our Firm
More About What We Do
WHAT WE BUY
507 Capital specializes in providing liquidity globally by purchasing bankruptcy claims, distressed debt, liens, judgements, distressed assets, and frozen accounts.
Areas of expertise:
Bankruptcy Trade Claims
Debts owed for goods and services by bankruptcy businesses, including liens such as mechanic’s liens.
Uncollected judgements or awards from debtor estates.
Known and unknown assets of corporation estates deemed to be too insignificant for the estate to collect.
DIP & Exit Financing
Super-priority, secured funding for businesses entering Chapter 11 reorganization or exiting bankruptcy.
Super-priority, secured funding for state and federal equity receiverships.
Frozen Customer Accounts
Customer accounts consisting of cash or goods in custody of a bankrupt organization.
Senior Secured Distressed Financing
Senior, secured loans outside of bankruptcy to help effectuate business reorganization.
In Distressed Situations
Traditional factoring of invoices for companies in distress, factoring of bankruptcy claims, or voices of distressed companies.
Asset and Businesses Purchases in 363 Sales
Estate property, including entire businesses, in 363 sales, including operating as stalking horse.
More About Our Philosophy
We believe the process for purchasing your claims should be simple, transparent and stress-free. We are honest about our pricing and work collaboratively with our customers to create bespoke financial liquidity solutions to suit each individual.
We provide a bespoke service to customers. Taking the time to understand their situation and thinking outside the box to find the best solution to suit their needs.
No claim is too small or too niche. We source and seek out unique opportunities and novel ideas.
We offer honest and transparent pricing for all partners and communicate what we are buying and why we are buying it.
WHAT WE'VE DONE
PG&E General Unsecured Bankruptcy Claims
507 Capital has purchased, paid, and transferred general unsecured claims in the Pacific Gas & Electricity Corporation (PG&E) bankruptcy, providing liquidity to trade creditors.
First-Lien Debt Financing
Prior to renaming the business 507 Capital the founders provided a first lien note to a New Jersey sand and gravel operation in order to facilitate a sale of the business. This rescue loan required a negotiated intercreditor agreement with the existing bank loan.
Chairman of the Unsecured Creditor Committee
Founder of 507 Capital, Thomas Braziel, through his previous business B.E. Capital Management purchased bankruptcy claims in the bankruptcy of Premier Exhibitions and served as its Chairman of the Unsecured Creditor Committee.
MEET THE TEAM
More About Our Team
Founder / CIO
Prior to co-founding 507 Capital, Mr. Braziel co-founded B.E. Capital, an investment fund focused on special situations and bankruptcy claims. He also founded Campden Grove Capital to seize a unique investment opportunity in a bankrupt ethanol company while completing his Masters Degree in the Mathematics of Finance from Columbia University, which he received in May 2012. Prior to that, he spent three years as an economist within a valuation group at Thomson Reuters.
Partner / COO
Prior to co-founding 507 Capital, Dr. Stout purchased and restored real estate from foreclosure auctions in Connecticut. Prior to this he was an assistant professor of mathematics at the Keck Graduate Institute of the Claremont Consortium. From 2013-2016 he served on active duty with the U.S. Navy. Dr. Stout has a PhD in Mathematics from the City University of New York Graduate Center and a BS in Marine Transportation from the U.S. Merchant Marine Academy.
Director of Administration