Thought Leadership Type: Bankruptcy Solutions

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 […]

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 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.

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.

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.

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.

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.

A means test evaluates someone’s finances to determine if they qualify for assistance. These calculations include “extra housing costs, special education expenses, and other circumstances to be considered as reasons the median income would not be reasonable for this family,” says Jonathan Carson, co-CEO of Stretto as interviewed in Business Insider.

Stretto Managing Director Travis Vandell and Morris Nichols Senior Counsel Daniel B. Butz discuss that for companies in the commercial real estate sector, the advantage of filing chapter 11 is mostly cut-and-dry: they can drive the process rather be driven in the AIRA Journal.

Stretto Managing Director Anthony Facciano and Otterbourg PC Attorney David A. Castleman explain that as cases may begin to show a wide variety of digital asset issues, fiduciaries will have to consider a number of legal and practical considerations when determining how to manage and ultimately resolve these assets in insolvency proceedings in Law360.