Report: #102650

Complaint Review: Commerce Commercial Leasing / Norvergence

  • Submitted: Sun, August 08, 2004
  • Updated: Sun, August 08, 2004
  • Reported By: Pittsburgh Pennsylvania
  • Commerce Commercial Leasing / Norvergence
    655 Business Center Drive, Suite 250
    Horsham, Pennsylvania

Commerce Commercial Leasing / Norvergence / Partners Equity Capital Corporation Questionable relationships??? Horsham Pennsylvania

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We entered into an agreement with Norvergence and had our equipment rental agreement transferred to Commerce Commercial Leasing. As I have been trying to find information on Commerce Commercial Leasing, I came across the following, which may be of interest to others.

On several news releases on the Interent and in two copies of court documents related to the Norvergence case, one of the initial creditors who brought the lawsuits that precipitated the bankrupty/liquidation of Norvergence is a company called PARTNERS EQUITY CAPITAL CORPORATION (PECC).

In the court papers, this corporation has the same address as COMMERCE COMMERCIAL LEASING. The name associated with PARTNERS EQUITY CAPITAL CORPORATION in the court papers is MARTIN F. BABICKI, who also is Executive Vice President of COMMERCE COMMERCIAL LEASING.

So the question is: What was the relationship between Partners Equity Capital Corporation, Norvergence, and Commerce Commercial Leasing?

Pittsburgh, Pennsylvania
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