Thought Leadership Category: Insights

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.

Stretto Managing Director George Vogl explains that the discharged debtor must remain current on all regular obligations that survived the bankruptcy. This usually includes mortgage payments, car payments, and other secured debts where the debtor agreed to keep the secured property in exchange for keeping their obligation on the debt. As interviewed in Debt.org.

Stretto co-CEO Jonathan Carson comments that Subchapter V has become a widely used strategic tool for distressed small businesses that’s been recognized nationally by bankruptcy courts, and gives small businesses a better shot to survive and come back out as a profitable contributing member of our business society. As interviewed in Inc.

Stretto Managing Director Dan McElhinney and BakerHostetler’s Jorian Rose describe that an avoidance action marketplace would be a boon to debtors as it would allow for the early and efficient monetization of avoidance actions, instead of the slow process of liquidating an avoidance action portfolio via contingency fee advisors that exists today in the New […]

Stretto co-CEO Jonathan Carson says that while cases can vary individually, business owners overwhelmed by their debt should consider bankruptcy rather than letting their EIDL or SBA loans fall into delinquency. The stigma attached to bankruptcy 25 years ago no longer remains. As interviewed in L.A. Business First.

Stretto co-CEO Jonathan Carson explains that for smaller businesses filing Chapter 11 bankruptcy reorganization, Subchapter V is a better process. Chapter 11 can be expensive, burdensome, and be laden with paper documentation requirements.  And it can be daunting for a smaller business owner. As interviewed in American City Business Journal.

Stretto Managing Director George Vogl explains that borrowers absolutely must address any debts that survive the bankruptcy and be in good standing on their payments. This is the most important factor that potential lenders will view. As interviewed in CBS MoneyWatch.