Kadonoff Associates
Alternative Dispute Resolution - Toronto, Ontario, Canada
Kadonoff Associates Employees
Kadonoff Associates Senior Management
Kadonoff Associates Details
As a trained hands-on mediator, lawyer and businessperson, Ken Kadonoff focuses on INFORMAL creditor relief. He uses negotiation tools that allow a viable company with existential debt and liability challenges, to move forward, saving jobs and preserving wealth.A mediative approach is taken to resolving any problem such as creditor liability involving a landlord, bank, mortgagee, supplier, customer, employee or other claimant. Each case is different so there isn't a standard approach to a solution or range of solutions. A brief meeting with Ken kicks off the process. Once a retainer agreement is in place, you will meet with Ken to finalize a range of preferred solutions. Following this, Ken (and his associates if required) gets to work to achieve results within the agreed time range. You will be kept fully informed along the way. Where possible and appropriate, Ken prepares all settlement documentation as part of the retainer so that you can take this to your lawyer for final approval.Case study in business restructuring - A large chain of retail stores required refinancing and new management. The investor called Ken to renegotiate over 250 retail store leases across Canada. He was able to terminate some store leases, extend terms on others often with reduced rent. Savings exceeded $5M and equally important, the investor became more confident about making a larger investment since lease liability was more manageable. Relations with landlords continued to improve once new deals were put in place. Ken drafted all the documentation for approval by client's lawyers (after all, Ken knows what lawyers want to see).
