COMPANY
CoMitigate provides corporate loss mitigation, turnaround management, and claim resolution services. Attorneys who work with CoMitigate protect client interests by taking into consideration the contractual legal ramifications and big picture of any potential resolution, in addition to litigation costs and the parties financial conditions. Non-attorney consultants, executives, staffing professionals, and negotiators provide solutions from the business perspective. By holding ourselves to high ethical standards we build long term relationships with clients, claimants, and their attorneys and representatives.
Although CoMitigate is not a law firm, we have affiliate attorneys and assigned counsel capable of handling client representations in all 50 states. We provide the best of both worlds in terms of top echelon legal counsel and non-attorney negotiations expertise while providing efficient solutions under hybrid contingency success fee performance agreements.
CoMitigate clients retain control of their company assets. We do not lien or assume control of client assets or bank accounts based on fees projected to be earned, nor do we disburse funds for settlements. Our clients are responsible for the performances outlined in approved resolutions based on the representations made prior to each settlement.
CoMitigate does not require nor execute UCC-1 (Uniform Commercial Code) liens against client assets as security for fees to be earned through the resolution of said claims. As value was not provided at the time of the UCC security interest, it is CoMitigate’s position that these type of transactions are invalid and potentially fraudulent. See California Civil Code Section 3440, any transfer made which was not accompanied by immediate delivery of value is void against the transferor’s creditor. Also see Virginia Code § 55-80 indicates that every “… conveyance, assignment, or transfer… given with the intent to delay, hinder, or defraud creditors, purchasers, or other persons, of or from what they are or may be lawfully entitled to, shall, as to such creditors, purchasers, or other persons… be void.” Additionally, Virginia Code § 55-81 renders “void, as to creditors, a conveyance, assignment, or transfer which is not upon consideration deemed valuable at law… or… by an insolvent transferor or by a transferor who has thereby rendered it solvent… as to creditors whose debts shall have been contracted at the time it was made.”
