This desk reference is intended to provide an in-depth analysis of the numerous issues affecting an equipment lessor when dealing with a lessee after it has filed for bankruptcy protection. However, in many cases, a lessor can set the stage for a successful restructuring and preserve the value of its equipment by considering the implications of a lessee bankruptcy at the outset of the transaction. By considering the drafting points covered in this white paper, lessors can help avoid some of the common pitfalls and bankruptcy traps for the unwary. Also, by having a team in place to spot troubled lessees, lessors can help minimize or even eliminate losses in some cases.