Lessors are discovering inflated values of leases and equipment. In most incidents it is either the debtor, vendor, or lease broker who inflated the values.
Floor Plan Fraud
Due to current financial meltdown, the industry is failing to recognize that debtors are in a survival mode. The debtors are often driven to providing false and misleading financial statements, documentation, and other information.
Internal Cover ups
Mid level and senior management are concealing losses and improper execution of creditor documents to “fluff up” the bottom line.
Charge Off Recovery/Special Assets
Lenders are finally realizing that recovery is now important to their stock holders. The easy ride is over. Special Assets/Charge off recovery offer cash flow in tough financial times.
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