[Lendvo]

When you lose $1mm+ in RTR you'll pay lawyers to file on whatever they tell you you've got any chance at recovery at.

Really at its core this is just jockying between creditors here on non-secured assets. Itria is looking at a goose-egg here and is trying to be proactive.

Really the takeaway should be how about we just not do 7-figure stacked MCA deals on auto sales businesses to begin with???

If you are really worried about the state of the industry this is a prime example of the stupidity/desperation for deal flow going on right now.

Fund less for the time being and just let everyone else blow up in the next 9-24 months.

[Karen37a]

When you lose $1mm+ in RTR you'll pay lawyers to file on whatever they tell you you've got any chance at recovery at.

Really at its core this is just jockying between creditors here on non-secured assets. Itria is looking at a goose-egg here and is trying to be proactive.

Really the takeaway should be how about we just not do 7-figure stacked MCA deals on auto sales businesses to begin with???

If you are really worried about the state of the industry this is a prime example of the stupidity/desperation for deal flow going on right now.

Fund less for the time being and just let everyone else blow up in the next 9-24 months.

I agree all but one thing I think those guys were just straight out con artists, they thought they could take money go gambling and use the bankruptcy system to walk away from it

[TheFunda]

When you lose $1mm+ in RTR you'll pay lawyers to file on whatever they tell you you've got any chance at recovery at.

Really at its core this is just jockying between creditors here on non-secured assets. Itria is looking at a goose-egg here and is trying to be proactive.

Really the takeaway should be how about we just not do 7-figure stacked MCA deals on auto sales businesses to begin with???

If you are really worried about the state of the industry this is a prime example of the stupidity/desperation for deal flow going on right now.

Fund less for the time being and just let everyone else blow up in the next 9-24 months.

If you really think places like YSC GTR or ACE need deal flow and are desperate to get into a deal so have to fund "bad" million dollar deals you just dont know what is going on in the industry. All 3 mentioned have more deals than they can handle probably and this is just one bad one out of hundreds they fund per a month that you never hear about because they are paying.