Business Insider reported the company’s troubles had been exacerbated by the SEC’s December 5 indictment of two former Celadon executives who had allegedly been involved in a multi-year, multi-million-dollar accounting fraud.
Business Insider added the bankruptcy could leave the 3,200 drivers employed by Celadon potentially stranded as fuel cards could be turned off before routes are completed.
Late last year, Dispatches from the Trenches focused on the increasingly common approach in our industry of describing collateral in financing statements as “all equipment leased or financed” or words of similar effect.1 Two additional holdings have further clarified the... read more
The equipment finance industry has come a long way on digital transformation in the past decade. As we enter a new one, the next frontier will be completing the digital journey to encompass all points in the leasing life cycle.... read more