Thought Leadership Category: Insights
Student Loan Discharges Under DOJ Guidance – Successes, Challenges And Opportunities
Stretto Managing Director Igor Roitburg, Robert Branson, and Tammy Branson explain that to make a meaningful impact on student loan debt, the DOJ and DOE must work with bankruptcy courts and leverage existing technology to review and decision cases more quickly and with greater clarity and transparency in NACBA’s Consumer Bankruptcy Journal Spring Issue.
Finding Distressed Real Estate Deals With Jonathan Carson, Founder Of Stretto
Stretto co-CEO Jonathan Carson was featured on the Real Talk podcast with Andrew Kirsh discussing how to use bankruptcy offensively to find distressed real estate deals.
Bankruptcy Filings Are On The Rise. Here’s Why An Even Bigger Surge Is Looming.
Bankruptcies are on the rise as pandemic-related relief measures come to an end and higher interest rates push business owners over the edge. According to Stretto co-CEO Eric Kurtzman, we are still nowhere near a normal year of bankruptcy filings and we’ve got quite a bit of growing to do before we reach a normal […]
Why Bankruptcies Increased in 2023 — And How Not To Let It Happen to You
When is bankruptcy the necessary and most solvent move you can make? How can you tell? Stretto President and Chief Integration Officer Scott Barna believes the decision to file for bankruptcy is best left between the consumer and his/her financial advisor or bankruptcy attorney, as interviewed in GOBankingRates.
Stretto CFO Peter Bonfiglio: Learn To Be A Good Storyteller
Stretto CFO Peter Bonfiglio recommends that those hoping to become CFOs stand out by showcasing their skill set to people a few rungs up the ladder. Also, learn to be a good storyteller, because the CFO is both the interpreter of financial history and the guide to future results, as interviewed in CFO.com.
Student Loan Tip From Woman Who Had $155,000 Debt Wiped
Stretto Managing Director George Vogl explains that hundreds of thousands of student loan borrowers are eligible for discharge of student loans under the new guidance issued by the Department of Justice and Department of Education in 2022, making relief more likely for a greater number of borrowers, as interviewed in Newsweek.
Automatic Stop Or Stay For Student Loans?
According to Stretto Managing Director Igor Roitburg and Chapter 13 Trustee Scott F. Waterman, addressing the clash between automatic stays and student loans in bankruptcy is vital to ensure that borrowers receive the financial relief they need in NACBA’s Consumer Bankruptcy Journal winter edition.
Student Loan Borrowers Slow To Rely On Touted Bankruptcy Tool
Stretto Managing Director George Vogl is heartened to see an uptick in discharge adversary proceedings compared to previous years but had hoped to see more. Once more lawyers see cases succeed, he does expect substantial growth, as interviewed in Bloomberg Law.
FHFA Supplemental Partial Claim: The Next Iteration
In the December 2023 issue of MortgagePoint, Stretto Managing Director Joseph Smith explains that the Supplemental Partial Claim can be beneficial in certain circumstances and will address a number of defaulted loans. Allowing some workouts with Supplemental Partial Claims is good for the market and will help with losses.
Bankruptcy Must Be On The Table As A Student Loan Solution
Stretto co-CEOs Jonathan Carson and Eric Kurtzman discuss the relief that bankruptcy can provide from the seemingly insurmountable debt facing millions, and a fresh start that so many student loan borrowers seek without the uncertainty of elusive promises of student loan forgiveness that remain at the center of political debate in Law360.