Chicago Archives | Cordell & Cordell

Crain’s Chicago Business Features Joe Cordell’s Family Business Survival Guide

Crains-ChicagoCrain’s Chicago Business newspaper, the city’s premier source of business news, interviewed Cordell & Cordell principal partner Joseph Cordell about the significant damage a divorce can do to a business.

In “Family business and divorce: a six-step survival guide,” Mr. Cordell cautioned that for family-owned businesses run by married couples, a poorly handled divorce can be a one-way ticket to bankruptcy court.

Because the value of the business is critical in determining how much a departing spouse receives, it’s best to divorce before you expect a business to really take off, according to Mr. Cordell.

“The best time financially for a guy to consider divorce is not when the business is doing well but when it is doing poorly,” Mr. Cordell said. “When you know your marriage is awful and you’ve just been limping along, the best time to do it is when you can least afford it.”

To learn more ways to protect yourself and your business read the full article, “Family business and divorce: a six-step survival guide.”

 

Cordell Discusses Common Divorce Mistakes

Interested in learning about the worst mistakes men make in divorce, the Chicago Tribune interviewed Cordell & Cordell principal partner Joseph Cordell about his newest book “The 10 Stupidest Mistakes Men Make When Facing Divorce.”

Cordell’s advice is based on his own personal experience going through a divorce and his professional experience representing men in divorce for more than 20 years.

Fighting for fathers’ rights is what motivated Cordell to become a divorce lawyer for men.

“I was galvanized by guys who were my clients and trying to get primary custody of their children. Even though they were the better parent, they still couldn’t get across the finish line in the courts,” Cordell said. “The more frustrated I became, the more incentivized I was to help them.”

Read the article for a brief rundown of the 10 mistakes that Cordell has compiled.

Visit DadsDivorce.com to purchase your copy before you make one of these mistakes.