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Monday, March 05, 2012 11:24:21 AM
Light reading 
"WHEREAS, on or about November 21, 2008, Aleritas ceased operations and the Existing Lenders, then participants holding undivided participation interests in the Existing Lenders Debt and all collateral securing the Existing Lenders Debt, were assigned and assumed all rights, and acceded to all rights, remedies, benefits and security Aleritas held with respect to the Existing Lenders Debt and the Existing Loan Documents; "
Read more: http://www.faqs.org/sec-filings/091109/PATRIOT-RISK-MANAGEMENT-INC_S-1.A/c54053a6exv10w73.htm#ixzz1oGBaAqtK
Short version: Patriot was able to refinance their debt.
If I was guessing, that might indicate that such loans were made on valid financial assumptions, not fraud. It's all speculation, of course.
"WHEREAS, on or about November 21, 2008, Aleritas ceased operations and the Existing Lenders, then participants holding undivided participation interests in the Existing Lenders Debt and all collateral securing the Existing Lenders Debt, were assigned and assumed all rights, and acceded to all rights, remedies, benefits and security Aleritas held with respect to the Existing Lenders Debt and the Existing Loan Documents; "
Read more: http://www.faqs.org/sec-filings/091109/PATRIOT-RISK-MANAGEMENT-INC_S-1.A/c54053a6exv10w73.htm#ixzz1oGBaAqtK
Short version: Patriot was able to refinance their debt.
If I was guessing, that might indicate that such loans were made on valid financial assumptions, not fraud. It's all speculation, of course.
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