Finova Capital Corp. v. Nicolette

HESTER, Judge:

Finova Capital Corporation, successor-in-interest to Bell Atlantic-Tricon Leasing Corporation, appeals the determination of the trial court that it may not collect a deficiency judgment against appellees,1 Robert A. Holst, Helarion A. Beronilla, Jr., Charles Chang, Samuel Flannagan, Yahya Fadl, Angel Baleita, Barid B. Jana, Paul Dascani, Gregory Spain, William Hughes, and Life-care X-ray, Inc. We affirm.

Appellant entered into equipment leases in California with appellees for certain medical equipment. When appellees defaulted under the leases, appellant sold the equipment…