Stretto’s bankruptcy veterans offer expert thoughts on market dynamics, emerging trends, and legislation and other developments that impact fiduciaries and their businesses.
Stretto Chief Revenue Officer Robert Klamser and Otterbourg PC Partner David A. Castleman explain that as the role of technology evolves in the corporate bankruptcy and receivership space, new applications and advances continue to drive more efficiencies and cost-savings in the claims administration process for all involved parties in the Journal of Corporate Renewal.
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.
