Thought Leadership Category: Insights

According to Stretto Senior Managing Director Igor Roitburg, the new bankruptcy process for student-loan borrowers still isn’t perfect. The timeline for borrowers to receive a bankruptcy decision can still widely vary and that uncertainty is a roadblock for some borrowers and attorneys to participate, but there is hope, as interviewed in Business Insider.

In Law360, Stretto Chief Revenue Officer Robert Klamser, Co-President and Chief Operating Officer James Le, and Managing Director Randall Reese explain that the future of legal practice belongs to those who can combine traditional legal expertise with technological fluency. Young attorneys have a unique opportunity to lead this transformation.

According to Stretto President Scott Barna, filing for bankruptcy can provide a fresh start for distressed borrowers to resolve their personal debt obligations and move forward with financially sustainable futures, as interviewed in GOBankingRates.

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.