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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
Date of Report October 9, 1998
ADVANTA BUSINESS SERVICES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 333-38575 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. IV
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(Exact name of registrant as specified in its charter)
Nevada 333-38575-01 88-0387072
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(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification
Number) No.)
1325 Airmotive Way
Reno, Nevada 89502
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (702) 322-2221
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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. V
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(Exact name of registrant as specified in its charter)
Nevada 333-38575-02 88-0387073
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(State or Other Jurisdiction of Incorporation) (Commission File (I.R.S. Employer Identification
Number) No.)
1325 Airmotive Way
Reno, Nevada 89502
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code (702) 322-2221
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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
Year 2000. With the approach of the Year 2000, Advanta
Business Services ("ABS") as Originator and Servicer is actively managing the
Year 2000 issue. This issue results from computer programs, which use two
digits, rather than four digits to define a year. ABS has instituted a
corporate-wide effort to address and resolve the system/application tasks
associated with Year 2000. In the event that the project plans are not timely or
successfully completed, there can be no assurance that the Year 2000 issue will
not have a material adverse effect on the operations of the Originator and
Servicer, including a shut-down of operations for a period of time, which may,
in turn, have a material adverse effect on the Offered Notes.
ABS is also in the process of reviewing their exposure to Year 2000 issues
resulting from third party vendors and brokers from whom we purchase equipment
leases, and outside service provider's computer systems. ABS, and it's parent
Advanta Corp., are in the process of contacting outside service providers
regarding the state of their remediation activities for material Year 2000
issues. There can be no assurance that the systems used by outside service
providers or other third parties upon which ABS's systems rely, will be timely
converted and compliant with Year 2000 issues.
Item 7. Financial Statements and Exhibits
The following exhibit is furnished herewith:
21 Monthly Servicer's Certificate issued on October 9, 1998
relating to the Equipment Receivables Asset-Backed Notes,
Series 1998-1, prepared by the Servicer and sent to the
Trustee pursuant to Section 3.06(a) of the Series 1998-1
Supplement dated as of April 14, 1998 covering the period of
September 1, 1998 through September 30, 1998.
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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/ SUSAN A. MCVEIGH
Name: Susan A. McVeigh
Title: Treasurer
Dated: October 9, 1998
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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. IV,
As Registrant
By /s/ SUSAN A. McVEIGH
Name: Susan A. McVeigh
Title: Director
Dated: October 9, 1998
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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. V,
As Registrant
By /s/ SUSAN A. McVEIGH
Name: Susan A. McVeigh
Title: Director
Dated: October 9, 1998
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Exhibit Index
Exhibit No. Page
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21.1 Monthly Servicer's Certificate dated
October 9, 1998 prepared by the Servicer
and sent to the Trustee pursuant to
Section 3.06(a) of the Series 1998-1
Supplement covering the period of
September 1, 1998 through September 30,
1998.
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