Terminology is not just words – it’s business

SITUATION

The Alta Group’s legal services expert was engaged in a large bankruptcy matter to assist counsel in describing to the bankruptcy court how stipulated loss provisions and calculations were used in a series of leveraged leases. The debtor’s counsel and the court had not interpreted the language of the leases in a manner that is typically understood in the leasing industry, and Alta’s client needed assistance to guide the court through the interpretation of the leases.

SOLUTION

Alta’s expert reviewed the lease language in depth and provided an expert report that described how stipulated loss values are calculated and how they are utilized in equipment leases to provide for recovery of their actual losses in bankruptcy situations. The client used Alta’s work to make the argument to the court and shared it, with permission, with other creditors of the bankrupt debtor to assist in the recovery from the debtor’s estate.