As expected, specialty medical equipment finance company DVI Inc. filed for Chapter 11 bankruptcy protection after market close Wednesday. DVI also placed its CFO Steven Garfinkel on administrative leave. Anthony Turek and John Boyle will assume Garfinkel's responsibilities.  

There is no word just yet on how this impact's DVI's $1.8 billion of ABS, or whether trustee and backup servicer U.S. Bank will now step in as the primary servicer. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.