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In the Marketplace

BY ljnstaff
February 01, 2017

Sills Cummis & Gross announced that Michael A. Leichtling joined the Corporate Practice of the firm's New York office. A member of this newsletter's Board of Editors, Leichtling devotes a substantial part of his law practice to counseling lessors, banks, funds, investors and other funding sources in connection with secured financing, asset based lending, equipment leasing and renewable energy finance matters. Leichtling was formerly a partner at Troutman Sanders in New York.

Marlin Business Services Corp. of Mount Laurel, NJ, has named Louis E. Maslowe as senior vice president and chief credit officer.

The American Bankruptcy Institute (ABI) reported that the total number of commercial bankruptcy filings during calendar year 2016 were 37,771, representing a 26% increase from the 29,920 filings for 2015, according to data provided by Epiq Systems, Inc. There were 5,438 commercial Chapter 11s filings during calendar year 2016, a 2% increase over the 5,313 commercial Chapter 11s filed the previous year.

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