Leasing Companies involved with NorVergence 

This list is from the customers who are lodging complaints regarding their leases with NorVergence.  The list contains dates, monthly payments, action they have taken, but here are the leasing companies named to date:

              Celtic Bank
             CIT
             CIT Technology Finance
             Commerce Commercial Leasing
             Commerce Credit Leasing
              Dolphin Capital
              Financial Pacific
              First Leasing
              GE Capital
               IFC Credit
               Information Leasing Crop.
               Interchange Capital
               Lakeland Bank
               Liberty Bank
               Norv Capital de Lage Landen
               OFC Capital ( a division of ALFA Finance)
               Popular Leasing
               Preferred Capital (recently $2M assets reportedly bought by
               Preferred Leasing from Bank of the West )
               Source Capital
               Sterling Bank, New York
               TCF Express Leasing
               US Bancorp
               Wells Fargo

In this list, the companies listed with the most leases were in this order: NorvCapital-De Lage Laden, Popular Leasing, Preferred Capital, Sterling National Bank, CIT.

The three companies who originated the first preceding, Chapter 11, in an effort to halt Qwest filing a $15 million claim, were: 

  Popular Leasing USA, Inc
OFC Capital, a Division of ALFA Financial Corporation
Partners Equity Capital Company, LLC 

They had claims totaling $1.4 million against NorVergence.

The first meeting of the Chapter 7 creditors will be  Friday, August 27,2004 in Newark, New Jersey. The deadline for all creditors to make claims is November 29,2004.  It is most likely that the total of all claims will not be made public until the first of next year.

Here is further legal information

http://two.leasingnews.org/loose_files/NorVengence_court_docs.pdf