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Questions > Defaulted on Equipment Lease, What Do I Do With the Equipment?

Defaulted on Equipment Lease, What Do I Do With the Equipment?

by New Equipment Leasing on March 23, 2011

i recently closed my business and had a leased copier, which had gone in to default with the leasing company, and into collections with the finance company. my lawyer advised me since i have no assets they could not collect anything from me, even if they file a lawsuit, but my main concern right now is what do i do with the copier? who do i contact to come get it? the original equipment supplier, the finance company, or the collection agency? it belongs to someone, and i do not know where to start.

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