Thought Leadership Type: Corporate Restructuring

According to bankruptcy expert Jonathan Carson, co-CEO of Stretto and a member of the Forbes Business Council, navigating the complexities of a corporate bankruptcy requires a proactive approach. He explains key steps stakeholders can take to safeguard their investments and ensure they have a seat at the table during negotiations on Forbes.com.

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.

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 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 Michael A. Cohen and Attorney Jeff Gleit with ArentFox Schiff examine the integral role independent directors can play in guiding companies through the restructuring process in Turnaround Management Association’s Journal of Corporate Renewal November issue.