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Home / Opinion Digests / Business Law / Creditor’s Rights – Equipment Leases – Default – Insolvency – FRE 408 (access required)

Creditor’s Rights – Equipment Leases – Default – Insolvency – FRE 408 (access required)

A Richmond U.S. District Court grants summary judgment to plaintiff financial services company against a defendant who admits defaulting on multiple equipment leases, for a balance due of over $1.4 million. Plaintiff company alleges defendant has not made monthly payments under the leases since at least June 1, 2009, and that this constitutes a default under ...