Cordes & Company

Financial Manager for Disputed Marital Estate

In a divorce case, the marital assets include a $10 million potato seed farm operation in the San Luis Valley. The husband ran the large operation; the wife alleged that it had been financially impaired by large withdrawals of cash assets and the questionable liquidation of crop inventories. Also, the farm’s line of credit was called by the existing lender. The Alamosa County District Court appointed Cordes & Company as financial manager of the operation. The owner remained responsible for day-to-day operation of the farm and related activities, but needed approval from Cordes for all financial decisions. Within a few weeks, Cordes was able to finalize a credit agreement with a new lender, establish control over all company bank accounts, oversee the maintenance of financial books and records, and track inventory sales and crop plans for future revenue preservation. The representation is ongoing.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
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