Commercial Lender & Secured Party Services

An expanded Scope of Services, with supporting detail, is available upon request.

These may include, but are not limited to:

Secured Party Collateral Controls & Possession Services

It is generally recognized that as the Secured Lender, you have two primary objectives following a debtor’s default in a secured transaction:

1. Disposition of the collateral must be effected in a commercially reasonable manner.
2. Obtain the highest possible price in a collateral disposition.

A few mistakes; such as inefficient collateral and proceeds controls, errors in asset and site management, could jeopardize or seriously affect a material recovery.  Inappropriate actions by lender’s personnel, inadvertently or otherwise, could also be detrimental to security interests.

It is unnecessary, and usually unwise, to utilize your own internal lending and credit officers for such activities.  In fact, most are inexperienced in dealing with such critical credit and control situations. Your objectives will be scrupulously addressed by seasoned personnel.

Costs and expenses associated with such intense monitoring and controls can now be identified, justified, documented and may be materially recovered (when provided by Agreement and authorized by applicable law). Recovery of costs is usually not complete, nor in many cases even identifiable, when using internal personnel over what may be an extended period of time.

Liability coverage is maintained by the Provider.

A no-obligation discussion of your needs and objectives are always welcome.

Secured Party Clients may utilize limited selected services or require total programs.  We are adaptable to specific situations:

• Evaluation of Lender’s / Debtor’s Default Emergency Situation (11 issues examined)
• Establish Pre-Possession Procedures (20 Issues examined)
• Effect Possession (22 issues examined)
• Continuing Keeper Services (if applicable – 15 issues examined)
• Separate Secured Party Service Options as may be required (17 issues examined)

A detailed Scope of Secured Party Collateral Control & Possession Services, with all issues presented, is available upon your request. Please utilize “Contact Us”.

The Provider will present a Letter Agreement based upon your specific requirements. Fees, plus out-of-pocket expenses, are determined on a case-by-case basis.  An engagement deposit is required and is usually credited against initial billings.

Throughout assigned engagements we work closely with the Lending Officer, the Loan Workout Group, the Lender’s Legal Counsel, Auctioneers, the Courts and other appropriate professionals as may be directed. While we are sensitive to a debtor’s stress, our first interest must be your best interests. Collateral and debtor activity reporting is always a constant.

Independent • Experienced • Focused • Objective

For rapid response to special Secured Party situations,
please call ASAP to facilitate scheduling requirements.

Kenneth P. Easton, Jr.
President
The Easton Group, LLC
Post Office Box 16053
Hooksett NH 03106-6053
Cell: (603) 533-1935
Fax: (603) 485-4344
E-Mail: eastongroupllc@comcast.net
Website: www.SurvivingYourBusinessDebt.com