Leasing Software

I have sold some telephone equipment on a 7year lease to a company, not a huge seel only £50pm and now a month later they are now saying they do not want it, any ideas on where I stand as I have outlayed all the costs so far and that alone is near £1000.

My brother sold his business including the equipment while he was still paying on the lease for the equipment. He continued paying on the lease when he hit hard times. Now he cannot make the payments and the equipment lease company is trying collect by calling him and his wife day and night and being really nasty. He doesn’t have the money right now. What are the consequences here? There is no equipment for the compnay to repossess. They probably could not recover cost of repossessing it and selling it to cover that cost and what is owed. Will they pursue that? Can my bro be criminally charged?

The company I work for was burglarized and my tools were stoles along with some company equipment I had a lease agreement with the company on my tools. Is the company responsible?

In 2006 I started a business with some equipment on a commercial lease. Since then the business closed and I am stuck paying a lease I can no longer afford. I asked for a copy of the lease a few days ago and they faxed it to me. Going through it I noticed they never signed it. It is now 2008. Is there a way out for me or am I still stuck with this lease?

We made all 60 monthly payments but were late on most of them and the leasing company is asking for at least half of the late fee total or else they will escalate the collections process. We had several leases with this company and now face a significant amount of late fees.

Is it true a company can only write off 100% of their lease payments on a corporate equipment lease of $200,000 or less?? Is so what if the company has a $500,000 IT equipment lease, how much of the total annual lease payments can be wrote off on corporate tax returns?

My sister-in-law applied and received the lease. Minus the confusion that led to finally getting the funds, she found out yesterday that a 71.5% finance charge was added upon signing the lease. Discussing this with the leasing company and requesting the document that dictates this information and our agreeing to it, they say that doing the math on the amortized loan amount would have shown the charge. Okay, agreed but is there any upfront disclosure rules that should have been presented before sticking it in there?

Some assistance with equipment leasing rules, laws (if any) and defaulting would be helpful.

Thanks for any assistance.
Extending on the second answer received, am I to understand that lease financing is not susceptible to the same disclosure details as typical bank financing?
She is trying to get a copy of the documents from the lease company as I type. From their, she can compare what is on file to what they have.
Thanks for your answers and assistance.

I am in the planning stages of a new restaurant and am curious about other people’s experinces opening their own eateries.

Lease was terminated 90 days after last day of production. Lease states that the equipment is to be removed but was abandoned on my land. Can I seize the equipment or does the company still lay claim on the equipment.