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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 12, 2000
ADVANTA BUSINESS SERVICES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 333-79773 23-2333786
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(State or Other (Commission File (I.R.S. Employer Identification
Jurisdiction of Incorporation) Number) No.)
1020 Laurel Oak Road
Voorhees, New Jersey 08043
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (609) 782-7300
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No Change
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(Former name or former address, if changed since last report)
ADVANTA LEASING RECEIVABLES CORP. VIII
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(Exact name of registrant as specified in its charter)
Nevada 333-79773-01 52-2170910
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(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification
Number) No.)
639 Isbell Rd, Suite 390
Reno, Nevada 89509
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (775) 823-3080
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No Change
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(Former name or former address, if changed since last report)
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ADVANTA LEASING RECEIVABLES CORP. IX
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(Exact name of registrant as specified in its charter)
Nevada 333-79773-02 52-2170234
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(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification
Number) No.)
639 Isbell Road, Suite 390
Reno, Nevada 89509
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code (775) 823-3016
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No Change
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(Former name or former address, if changed since last report)
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.Item 5. Other Events
There has been a change in the way Advanta Business Services Corp has been
calculating the delinquency ratios. Beginning with the reporting period for this
report and every month going forward, the delinquency ratios will only include
those contracts that have any portions of their periodic scheduled payments
remaining and have not come to maturity based on the stated terms of their lease
or loan agreement. In some instances, once a contract comes to maturity, they
may continue to make additional payments over and above the stated term as set
forth in their lease or loan agreement. Prior to this month's reporting period,
any portion of these additional payments were also included in the delinquency
ratios. It has been concluded that once a contract has come to maturity based on
the stated terms of their lease or loan agreements, they will have a contract
principal balance of $0 and a corresponding cash balance remaining of $0.
Therefore, no portion of these additional payments, if any, will be included in
the delinquency ratio calculations.
The delinquency ratios with and without the additional payments are listed
below:
Month ended March 31, 2000:
>30 past due with additional >30 past due without (actual)
March month-end ration 9.25% 9.22%
3 month rolling average: 10.30% 10.20%
Item 7. Financial Statements and Exhibits
The following exhibit is furnished herewith:
21 Monthly Servicer's Certificate issued on April 12, 2000
relating to the Equipment Receivables Asset-Backed Notes,
Series 1999-1, prepared by the Servicer and sent to the
Trustee pursuant to Section 3.05(a) of the Series 1999-1
Supplement dated as of August 26, 1999 covering the period of
March 1, 2000 through March 31, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA BUSINESS SERVICES CORP.,
As Registrant
By /s/ JOHN PARIS
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Name: John Paris
Title: Senior Vice President
Dated: April 12, 2000
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA LEASING RECEIVABLES CORP. VIII,
As Registrant
By /s/ JOHN PARIS
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Name: John Paris
Title: President and Director
Dated: April 12, 2000
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA LEASING RECEIVABLES
CORP. IX,
As Registrant
By /s/ JOHN PARIS
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Name: John Paris
Title: President and Director
Dated: April 12, 2000
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Exhibit Index
Exhibit No. Page
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21.1 Monthly Servicer's Certificate dated April 12, 2000 prepared by the
Servicer and sent to the Trustee pursuant to Section 3.05(a) of the 8
Series 1999-1 Supplement covering the period of March 1, 2000
through March 31, 2000.
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