Find Lawyers in Chicago, Illinois for Equipment Finance Law
Bob Clifford is the founder of Clifford Law Offices, which concentrates its practice in helping victims of personal injury, medical malpractice, mass torts, consumer and health care fraud, product liability, and aviation and transportation disasters. Bob regularly handles complex damage cases and routinely receives multi-million dollar verdicts and settlements. Mr. Clifford has represented those injured or killed in every major commercial airline crash in the U.S. in the last three decades. C...
Seth Jacobson is the leader of the banking practice in the Chicago office. He represents lenders and borrowers in connection with various types of sophisticated financing transactions in a wide variety of industries. Typical transactions include asset-based loans, leveraged term loans, other secured financings, leasing arrangements and complex intercreditor arrangements. Mr. Jacobson has extensive experience advising both borrowers and lenders in connection with secured credit facilities and ...
Equipment Finance Law Definition
- Tax and financial reporting planning and strategies related to equipment finance.
- Origination of true leases of equipment to operating lessees (i.e. finance leases under Article 2A of the Uniform Commercial Code).
- Origination of secured loans to borrowers collateralized by equipment (i.e. secured transactions under Article 9 of the Uniform Commercial Code).
- Purchases and sales of individual equipment leases and loans, or portfolios of leases and loans, in the equipment finance syndications market.
- Private and public securitizations of portfolios of equipment leases and loans, structured and credit enhanced in a variety of ways.
- Structuring other methods of providing capital to equipment lessors or lenders, such as warehouse lines of credit.
- Workouts and restructurings of troubled equipment finance transactions, including those in bankruptcy.
- Collections and enforcement of rights under equipment leases and loans in default situations, including foreclosure on and recovery of equipment.
- Other post-lease term transactions such as remarketing arrangements.
- Litigation arising out of disputes under equipment lease or loan documentation, or disputes arising out of the use, possession, and ownership of equipment.
- Corporate and commercial aircraft.
- Rolling stock such as railcars and locomotives.
- Automobiles, trucks, and other over-the-road transportation equipment.
- Agricultural, construction, and mining equipment, including off-road vehicles.
- Office, retail, manufacturing, and other business equipment.
- Computer hardware and other IT equipment and software.
- Medical technology and other healthcare equipment.
- Marine vessels.
- Solar arrays, wind turbines, and other alternative energy and energy conservation equipment.
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