Stretto’s bankruptcy veterans offer expert thoughts on market dynamics, emerging trends, and legislation and other developments that impact fiduciaries and their businesses.
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 […]
If new tariffs pressure your balance sheet, remember—bankruptcy doesn’t mean failure. It can serve as a strategic reset. Jonathan Carson, co-CEO of Stretto and a member of the Forbes Business Council, explains on Forbes.com that the U.S. bankruptcy system provides a structured path to financial recovery. In uncertain times, he says, a fresh start might […]
