Thought Leadership Category: Insights

Stretto Regional Director Nancy Simons and Attorney David Goodrich discuss that for the abandoned plan program to reach its full potential, further refinements are needed. Clearer guidance on locating plan information and, critically, adjustments to trustee compensation are vital for sustainable administration in Law360.

Stretto Managing Director Igor Roitburg and Attorney Katarina Essenmacher explain that while lawyers are not required to file an adversary proceeding to seek a student loan discharge, they should advise their clients that discharge is now possible and explain the process in the fall issue of NACBA’s Consumer Bankruptcy Journal.

Stretto President and Chief Integration Officer Scott Barna explains that Chapter 7 doesn’t provide an automatic get out of debt completely card. There are exceptions to what qualifies as a Chapter 7 debt, including certain taxes, family support obligations, student loan debt and fraudulently incurred debt. As interviewed in Bankrate.

Stretto co-CEO and official member of Forbes Business Council Jonathan Carson dispels and offers some clarification to a few of the most common myths and misperceptions he sees surrounding business bankruptcy on Forbes.com.

Stretto Managing Director Igor Roitburg details that typically, when a home mortgage modification is approved, the loan servicer will adjust things such as the interest rate and the remaining term of the existing loan to create a payment that falls within the modification guidelines by which the servicer is bound, as interviewed in CBS MoneyWatch.

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.

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.