Among the many outcomes of the COVID-19 pandemic are the passage of challenging legislation and the issuance of far-reaching executive orders with protections that encompass prohibiting debt collection and repossession. An examination of these actions and their implications were addressed during the Equipment Leasing and Finance Association’s June 3 webinar, “COVID-19’s Hidden Costs: Bankruptcy, Repossessions & Hostile Legislation.”
A total of 235 industry executives participated in the online event sponsored by RTR Services and presented by Alexander Darcy, shareholder, Askounis & Darcy; Arlene Gelman, shareholder, Vedder Price; and Scott Riehl, ELFA vice president of state government relations, and moderated by Troy Kepler, general counsel of Channel Partners Capital. The panel offered examples of state legislative and executive order overreach, discussed bankruptcy considerations for equipment lessors and secured creditors, and addressed participants’ questions.
Among the range of legislative and legal information, below are five highlights presented during the webinar.
The Equipment Leasing and Finance Association is the trade association that represents companies in the nearly $1 trillion equipment finance sector.
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