Issues Archives - Page 89 of 108

Hartsko Financial — ‘Moving Things Along’ With Purchase Order Finance

Through purchase order financing, Hartsko Financial Services offers up front, transaction-based capital to businesses unable to obtain bank funding. Hartsko funds clients in financial straits, as well as startups and profitable companies in need of capital to grow. And, as president Richard Eitelberg sees it, banks are not relaxing their lending parameters, leaving more prospects seeking Hartsko’s help.

Ever Expanding — EverBank Commercial Finance Forms Lender Finance Group

ABF Journal spent time with EverBank Commercial Finance’s chief operating officer Jeff Hilzinger and David D’Antonio, the recently appointed managing director of EverBank’s new lender finance unit. While the initial focus will be on equipment and specialty finance companies, both executives affirm this is the first of many undertakings EverBank will take on in ABL.

April 2, 2011 EverBank Commercial Finance Rita Garwood

CIT Trade Finance — A Committed Presence in Uncertain Times

In 2003, ABF Journal interviewed CIT’s John Daly as its first executive profile centered on the head of a factoring unit. Daly’s opening quote was, “Factoring is a great service for any company; it just doesn’t get the recognition it deserves.” That was eight years ago, and a great deal has happened since then.

April 2, 2011 CIT Trade Finance | international factoring Rita Garwood

Champion Enterprises: Bankruptcy Court (Mostly) Dismisses Complaint Against Prepetition Lenders Based On Alleged Inequitable Conduct

Secured lenders are certain to find In re Champion Enterprises, Inc. useful, both in its holdings and its analysis, when challenged by complaints centered on alleged inequitable conduct from creditors’ committees or Chapter 7 trustees. This case succinctly reaffirms the principle that the use of leverage in negotiations does amount to inequitable conduct.

April 2, 2011 Champion Enterprises | Credit Suisse Rita Garwood

April 2011

April 2011
Factoring & Specialty Finance
Vol. 9 No. 3

April 1, 2011 ABF Journal

March 2011

Array

March 1, 2011 ABF Journal

SJC Fund Manager Fills a Void While Keeping Everything in Perspective

Shakespeare once asked, “What’s in a name?” For Steve Czech, founder and portfolio manager of FrontPoint Partners’ SJC Direct Lending Fund, it means a great deal. The $1 billion-plus hedge fund provides privately negotiated senior loans to middle-market companies and is staffed by five experienced professionals. Moreover, it provides Czech with an opportunity to pursue a very important mission.

March 1, 2011 Morgan Stanley Rita Garwood

Secret Extensions — Preference Actions Avoiding the Statute of Limitations

While it is rare that one sees issues regarding the two-year statute of limitations for the commencement of preference actions, such issues can wreak havoc in larger, more complex chapter 11 reorganizations where a plan of reorganization has yet to be confirmed prior to the running of the two-year anniversary of the case.

March 1, 2011 statute of limitations Rita Garwood

Postcard From the Future: This Year, Factors to Flock to a ‘Capital’ Location

As has been their custom for the past 17 years, factors worldwide are scheduled to congregate in the early spring — this time descending up the nation’s capital on April 13-16 at the Omni Shoreham. With more than cherry blossoms in their minds, these professionals look forward to the educational and networking opportunities the International Factoring Association’s main event has to offer.

March 1, 2011 factoring companies | Federal Reserve | Federal Reserve System Rita Garwood

What Defines a Security Interest? Looking Outside the Comfortable Confines of Article 9

In Ken Weinberg’s estimation, Article 9 of the Uniform Commercial Code is an extremely thoughtful and thorough statute. But, he warns, it’s not the end all, be all of security interests, and it is therefore prudent to visit what is and what isn’t covered by Article 9’s broad scope.

March 1, 2011 security interest | security interests Rita Garwood

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