A business divorce case, the break-up of principals of a closely held business, is an ideal candidate for pre-suit or early mediation. It is of utmost importance to preserve the value of the business. Once the doors close, going concern value vanishes, hard asset values plummet, accounts receivable become hard to collect, relationships with customers evaporate, and principals may find themselves exposed on personal guaranties. Litigation is often too slow, expensive and uncertain of outcome. Mediation creates an opportunity to craft a timely negotiated settlement that addresses the needs of all parties. So mediate business divorce cases early.
Francis Carter
