(914) 752-3460

601 Grant Street, 9th Floor, Pittsburgh, PA 15219

PG&E Bankruptcy and Equipment Lessors

By: Peter C. Califano, LEAN Attorney

On Tuesday, January 29th, 2019, PG&E’s parent and operating company each filed a Chapter 11 bankruptcy case in San Francisco. The cases are being jointly administered with the lead case as Case No. 19-30088 (PG&E Corporation). The Debtors explained that the main reason for the bankruptcy filing was due to the mounting claims from the […]

Read More

Equipment Leasing and Finance Industry Confidence Rises in February 2019

By: Reprinted courtesy of Equipment Finance Advisor

If you didn’t see this is yesterday’s Equipment Finance Advisor we thought you may enjoy some good news before the President’s Day weekend. This has echoed the bullish sentiment been hearing from our partner firms. We are pulling for the positive trend to continue! The Equipment Leasing & Finance Foundation released the February 2019 Monthly […]

Read More

Lessors Beware of the Enforceability of Stipulated Loss Value Tables

By: LEAN Attorneys Frank Peretore, Robert L. Hornby & Ryan O’Connor - Chiesa Shahinian & Giantomasi PC

A recent ruling by a judge in the influential Bankruptcy Court for the District of Delaware may indicate that Stipulated Loss Value tables are more at risk than is commonly believed in the industry. The opinion arose in a Chapter 11 bankruptcy case filed by Tidewater Inc. and its affiliated debtors (the “Tidewater Debtors”), entities […]

Read More

LEAN Lawyer Peter Califano Helps Lead National Effort to Amend the Bankruptcy Code.

By: LEAN Staff

Bankruptcy Venue Reform Bill Introduced in Congress On January 8, 2018, Senators John Cornyn (R-TX) and Elizabeth Warren (D-MA) introduced a bill (S. 2282) that would rebalance how Chapter 11 bankruptcy cases are distributed throughout the country, by eliminating the state of incorporation for commencing a bankruptcy case, and instead, require corporate debtors to file […]

Read More

News from the ELFA Legal Forum

By: Bob Bernstein

My Partner Kirk Burkley and I attended the ELFA Legal Forum at the Don Cesar in St. Petersburg Beach this past Sunday-Tuesday.  It was very well attended and many LEAN members were there.  There were over 150 inside lawyers in attendance, along with another 100 outside counsel.  Not only was there great networking (especially the […]

Read More

LEAN Welcomes Wright Law Group, PLLC!

Please join us in extending a warm welcome to our newest LEAN member firm, Wright Law Group, PLLC. Matthew T. Wright is the main contact, providing LEAN coverage for Southern Texas from the firm’s Houston office. Financial institutions rely on Matthew to enforce debtors’ contract obligations through court proceedings and bankruptcy filings. A skilled litigator, […]

Read More

LEAN Attorney Frank Peretore Joins Chiesa Shahinian & Giantomasi

LEAN is pleased to announce that Frank Peretore has joined Chiesa Shahinian & Giantomasi PC as a member continuing his concentration in the representation of secured creditors and lessors in the equipment leasing and asset based lending industries. Over the course of 30 years as an attorney, Peretore has developed a wide range of experience […]

Read More

Farleigh Wada Witt Welcomes Tavo Cruz to the Firm

Farleigh Wada Witt is pleased to welcome Gustavo (Tavo) Cruz, Jr. to the firm. Tavo’s practice focuses on commercial finance, corporate finance and general business. He has over 20 years of experience representing banks, commercial lenders and other financial service providers in complex commercial loan transactions. “We are excited to have Tavo aboard,” says firm […]

Read More

Impact of Critical Vendor Payments on Lessors in Chapter 11 Cases

By: Robert S. Bernstein, Esq. Co-Managing Partner, Bernstein-Burkley, P.C.

Understanding bankruptcy basics may be the difference between losing out and receiving fair treatment during the proceedings.  While the Bankruptcy Code and Rules are complicated, they are several easily understood basics.  The Bankruptcy Code groups similar creditors together to ensure that similarly situated creditors receive comparable treatment.  Depending in which group the Bankruptcy Code places […]

Read More

Byron Saintsing Elected Chair of the Primerus Business Law Institute of North America

By: Russ Kohl

Raleigh-based law firm Smith Debnam announced that Smith Debnam Partner, Byron L. Saintsing, has been elected Chair of the Primerus Business Law Institute of North America (PBLI). Primerus is an international society of top-rated, independent, boutique law firms. The Business Law Institute of Primerus brings together top-quality law firms with experience in business-related practice areas such […]

Read More