After a difficult two years, many businesses are hoping 2022 is the year things turn around. But for some, this may mean making a dramatic change in who will remain the stakeholders of the business…Business divorces can be tricky and emotional. Whether the “break up” is between friends, family members or business partners, parting ways in business can cause irreparable damage to a valued relationship. So, how do you prepare for a business divorce?
About the Interview
In this episode of Hilary Topper on Air, Hilary speaks with David Saponara, an attorney at Kudman Trachten Aloe Posner LLP – a commercial law firm representing businesses and business owners, government entities, executives, and professionals in a wide variety of matters, including corporate divorce. David discusses what a corporate divorce is, four key items that need to be addressed before proceeding with the process, case studies, and more!
About David Saponara
David is a senior associate whose practice focuses on commercial litigation and bankruptcy and restructuring.
David represents business clients of all shapes and sizes across a variety of industries, including finance, retail, real estate, and hospitality. He guides clients through every stage of litigation and arbitration, beginning with conducting pre-suit investigations and evaluations, continuing through discovery and motion practice, and concluding with trial and appeal. Throughout the litigation and arbitration lifecycle, David works collaboratively with clients to help them achieve their objectives.
David’s experience and expertise also involves guiding clients through difficult situations in bankruptcy proceedings and out-of-court restructurings. He has represented creditors and other parties in interest in large, complex chapter 11 bankruptcy proceedings such Sears, The Weinstein Company, Dean & DeLuca, Centric Brands, J.C. Penney, and Brooks Brothers. Whether the issues involve a client’s own financial difficulties, or those of an important customer, supplier, or business partner, Mr. Saponara utilizes his bankruptcy and restructuring experience to achieve efficient results in each representation.
Before joining Kudman Trachten Aloe Posner LLP, David was an associate at a boutique bankruptcy firm, where his practice focused on bankruptcy litigation and representing debtors, creditors, and other parties in interest in chapter 7 and chapter 11 bankruptcy proceedings.