Stretto’s bankruptcy veterans offer expert thoughts on market dynamics, emerging trends, and legislation and other developments that impact fiduciaries and their businesses.
According to Stretto co-CEO Jonathan Carson, most restaurants lose money. It’s a hard business with low margins and trends that are hard to navigate. When you add higher prices and a continually and increasingly overburdened consumer balance sheet, it makes the industry prime for restructuring. As interviewed in The Epoch Times.
Stretto co-CEO Jonathan Carson comments that in this situation, a challenging economic environment, post-pandemic recovery issues, rising labor costs, changing consumer habits and inflation have caused more restaurants to struggle in 2024 and those issues have also impacted other sectors of the economy. As interviewed in FoxBusiness.
Year-to-date bankruptcy filings reach the highest level in 13 years, and Stretto co-CEO Jonathan Carson observes that rising interest rates have been the cause of a lot of businesses finding it more difficult to stay open when debt service goes higher and margins are thin, as interviewed in The Epoch Times.
Stretto Managing Director Igor Roitburg and Attorney Michael Lux advise that by consulting with their clients who carry significant student loan debt, consumer debtor Attorneys can become agents of change and play a guiding role in making the transition to student loan repayment less painful in the summer issue of NACBA’s Consumer Bankruptcy Journal.
