Is a Bankruptcy §363 Sale of Assets a Lender’s Friend or Enemy?

In some instances, a preplan 363 sale can still be structured to accomplish many objectives: it can meet the requirements of the Bankruptcy Code, be used to limit the leverage of out-of-the-money junior lienholder hold-outs, and serve as an expedient way to get assets sold and money distributed to creditors. In short, the 363 sale can be a lender’s best friend or its worst enemy.... read more

Interview With a Vendor: Capacity & Capability Make the Difference for Extreme Networks

In January, Extreme Networks announced it had selected LEAF as its partner in a new customer financing program. The Santa Clara, CA-based company provides converged Ethernet networks supporting data, voice and video for enterprises and service providers. For a change of pace, the Monitor speaks with a representative from the vendor who gives readers insight into the company’s selection process.... read more

Falling in Love Again With Your Existing Lessees

Remember the Captain & Tennille song, “Love Will Keep Us Together?” That could be an anthem for turning one-time lessees into multiple transaction customers.... read more

Attention Lessors: FASB/IASB Issues Lease Accounting Project Update

Bill Bosco returns to remind equipment leasing professionals to submit comments to the FASB/IASB Lease Accounting discussion paper, Leases: Preliminary Views. After all, much is at stake and in this game as in all others — you gotta play to win!... read more

Equipment Leasing and Finance Association 2009 Investor Conference

Despite the global financial crisis in which assets fell by $50 trillion since last year and the industry was facing its 15th month in recession, at the March 19 ELFA/IMN Investor Conference in New York, attendees expressed some hope and optimism.... read more

From IPO to Bank Holding Company: Marlin Leasing Scrambles to Survive

The Marlin Leasing story details how an independent leasing company was squeezed by the ravages of a worsening economy and the evaporation of the capital markets. And after achieving bank holding company status, Marlin now finds itself heavily dependent on bank regulators and the TALF program for its future funding and, in fact, its very survival.... read more

Funding Issues?

It’s a frustrating market to say the least: small- and medium-sized businesses have never been in such dire need of financing, yet the lenders that serve that purpose don’t have the funding to provide it. Competitors have exited the market and will continue to do so. What’s left is a market with substantial opportunity to fund equipment purchases by borrowers with pristine credit — if only there was liquidity for equipment finance companies.... read more

Surmounting a Slippery Slope: Complying With ECOA When Rejecting Applicants

Many in the industry find themselves rejecting more applicants than they have in a long time. This edition provides an outline of the Equal Credit Opportunity Act and the requirements it imposes on finance companies in such situations.... read more

Meeting §303(b) Requirements in Creditor Involuntary Relief Petitions

The en banc decision in Trusted Media highlights the significant practical and legal implications of a ruling that makes a determination that the requirements of §303(b) are properly met — a prerequisite to subject matter jurisdiction, as the Fifth and Second Circuits hold. Creditors filing an involuntary petition for relief against a debtor must “get it right” or risk substantial uncertainty as to the validity of orders and activities in the case.... read more

It's All About Getting Out There & Networking

As convention season rolls around this year, it’s important to remember some key aspects to getting the most out of the annual leasing conventions and that means networking, networking, networking. Linda Kester offers some helpful tips to finding and securing new prospects.... read more

Main Street National Bank

Straightforward, industrious and self-assured are just a few of the first impressions one gets when speaking with Tom Depping, chairman and CEO of Main Street National Bank of Kingwood, TX. ... read more

Brokers Are Feeling the Pain But Facing Realities ‘Head On’

Last year, those interviewed for the Monitor’s annual broker roundtable were optimistic even during an economic downturn that hit the industry hard in late 2007 following the collapse of the subprime markets. But what most didn’t realize, at the time, was that more hardship was ahead, and 2008 would be even more surprising and worse for the economy than anyone feared.... read more

National Equipment Finance Association

The National Equipment Finance Association (NEFA) launches into its first year as the newly combined entity of the UAEL and the EAEL. In this year’s message, Brent Hall, CEO of Pinnacle Finance and the group’s first president, provides an overview of his experience in the association, its mission and its value to the equipment leasing and finance professional.... read more

Funding Sources Adjust to Tightening Credit Markets

With the U.S. economy suffering through its worst recession in more than half a century and access to credit drying up, funding sources have suddenly become the people in the room everyone wants to talk to. For our annual Funding Source Issue, we asked five leasing industry lenders to weigh in on the challenges and responsibilities of funding in a down market.... read more

Why Bankruptcy Practitioners Should Care About E-Discovery

The day-in, day-out reality of bankruptcy practice for practitioners is often likened to the emergency room of a busy urban hospital. Sometimes the patient is wheeled in, barely clinging to life. The wounds must be cleansed, the bleeding stopped, sometimes with an incomplete knowledge of the patient’s full history and circumstance, and with foreknowledge that resuscitation may not be in the cards. All of this is done while striving to earn a living, and to uphold the ethics of the profession.... read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.