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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 August 11, 1999
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 August 11, 1999 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 July 1, 1999 through July 31,
1999.
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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: August 11, 1999
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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/ JOHN PARIS
Name: John Paris
Title: Director
Dated: August 11, 1999
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