We step into equipment leases that have gone wrong for either side: payments in arrears, a lessor that wants out of a portfolio, hardware sitting in a data center nobody is paying for. The aim is a workable outcome for the people involved and a second life for the equipment.
We act within the existing contracts and the law of the place where the equipment sits. Every engagement starts with the documents and a conversation with all parties; nothing is removed from a site without the right to do so.
Each one has a lessor, a lessee and a third party somewhere in the chain. We usually end up working with all three.
The schedule is in arrears, the equipment is still in use, and enforcing the contract would cost more than the hardware is worth.
A book of small IT leases, some performing, some not, that no longer fits the balance sheet or the team.
Revenue slipped, the lessor is losing patience, and the servers are running your customers.
Hardware is in a colocation facility, with a service provider or an integrator, and that party has unpaid invoices of its own, or has simply stopped responding.
Most engagements never reach the last step. A realistic schedule, signed by both sides, is the usual outcome.
Lease, schedules, security, invoices, and where the equipment physically is. We confirm title and the rights of every party in the chain.
What the equipment is worth today, in place and on the secondary market. This sets the ceiling for everything that follows.
A restructured schedule, a buy-out of the lease, or a purchase of the equipment. Put to all parties in writing, with the numbers.
Agreements signed, arrears settled, and if equipment needs to move, our own crews de-install, wipe and relocate it with a documented chain of custody.