CCA has extensive experience providing litigation support services for cases ranging from small business disputes to large commercial litigation. Our litigation support team is based in both our Detroit and Chicago offices, and we provide services nationwide.
In addition to testifying in the courtroom, our experts are frequently engaged to assist the court, arbitrators, mediators, and judges directly.
Independent Valuation and Damage Analyses
Parties in litigation often retain independent experts to develop a business valuation or damage analysis, and often the conclusions of the experts are widely different. We are frequently engaged by the court to provide an objective analysis, and to explain the underlying assumptions used by the retained experts, and offer a third valuation or damage analysis. This allows the court to decide on the application of assumptions and judgements and arrive at an equitable resolution for the parties.
Guidance and Training on Valuation
We are frequently asked by judges, arbitrators, and mediators to provide insight and guidance on technical matters relevant to the case, including business valuation, forensic accounting, and computer issues. Often, litigation includes technical matters at the core of the matter, and the trier of fact may feel they need objective knowledge about the mechanics of the issue, for example, what are the factors that affect a business valuation, or what happens when files are deleted from a computer.
Cendrowski Corporate Advisors has an intimate knowledge of the challenges presented by defaulting business and real estate loans, foreclosure, and bankruptcy proceedings requiring court-appointed Receivership.
We recognize that no two transactions are alike, and have a dynamic approach to working with or serving as Receivers to prepare and execute a plan for protection of operations and physical assets, thereby preserving asset value.
Our most active areas of appointments are real estate litigation and other related types of matters.
There are many areas where the appointment of a Receiver may be useful. Our extensive business knowledge, ability to rapidly deploy resources, and in-depth understanding of complex legal and managerial structure allows us to act as a Receiver and perform services including:
Accounting – CCA secures all books, records, cash, checkbooks, keys, codes, contracts, permits, and licenses from the Debtor/Owner and establishes new accounts for cash purposes. CCA establishes new financial controls and systematically audits all prior financials to establish consistent and accurate reporting to the Receiver.
Operations – CCA performs property, management, and physical plant inspections and makes recommendations on deferred maintenance and life safety issues, vendor and supplier agreements, property maintenance contracts, and re-establishes operating requirements to ensure smooth operation of the business during the transition process.
Human Resources – CCA determines the capability of the on-site Associates and their ability to add value to the asset. We immediately switch payroll, employment manuals, and initiate training to ensure minimal Associate displacement. As need warrants, our ability to deploy new leadership and Associates is critical to the continued operation of the business.