Stretto’s bankruptcy veterans offer expert thoughts on market dynamics, emerging trends, and legislation and other developments that impact fiduciaries and their businesses.
Stretto co-CEO Jonathan Carson, a member of the Forbes Business Council, breaks down the data in his new Forbes.com article. While big corporations access private credit, mid-market companies often lack these options. But restructuring turns crisis into competitive advantage. Bottom line: Engage advisors early. Know your options before you need them.
Small business bankruptcy filings jumped from 159 to 206 cases in July—a 30% year-over-year increase. Stretto co-CEO Jonathan Carson told Inc.com: “The continued pressures of higher interest rates are manifesting in increases in Subchapter V small business bankruptcies.” Carson notes that Subchapter V helps businesses achieve better reorganization outcomes through its streamlined process for companies […]
Distressed borrowers now have a real path to discharge student loans in bankruptcy—and it will last, according to Igor Roitburg, Stretto Senior Managing Director, and Attorney Brian E. Miller. The 2022 federal guidance builds on four years of bipartisan work (since 2018), uses existing legal framework, already delivers results in 2025, and weathers political transitions. […]
CNBC featured Stretto as a key data source in an investigation. Our bankruptcy analytics revealed a striking trend: while overall consumer bankruptcy filings rose 5.8% between 2023-2024, cases involving retail credit card debt surged 12%. This data from our software (which administers ~50% of Chapter 7 cases) shows retail credit cards becoming a disproportionate factor […]
