The decision to transfer the servicing rights of DVI Inc.'s deteriorating medical equipment portfolio has reportedly been made by debtor-in-possession provider Goldman Sachs. If all goes well, the servicing rights will be transferred to the winning bidder by Dec. 15, in an attempt to turn around the declining performance the collateral has experienced since the filing for bankruptcy in late August.

The timeframe Goldman has set, according to sources close to the situation, is as follows: proposals are due by this Friday (Oct. 31, 2003); the winning bidder will be announced Nov. 19; the deal closing is expected Dec. 8.

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.