Jonathan is co-CEO at Stretto, https://www.stretto.com/our-experts/jonathan-carson/, a bankruptcy technology and case-management services firm. He brings insight to bankruptcy news and trends based on his years of experience as a former bankruptcy attorney and as a guest lecturer at University of Michigan Law School. Stretto is retained in some of the country’s largest corporate restructurings and its proprietary software is used to prepare more than 80% of the consumer bankruptcy cases filed nationwide.
In a Chapter 7 bankruptcy, or liquidation bankruptcy, you sell non-essential assets to discharge debt. Businesses close in Chapter 7 bankruptcy.
Chapter 11 bankruptcy lets companies and individuals reorganize their debts. Companies that file Chapter 11 can remain open during proceedings.
Bankruptcy law is a legal field with a growing number of job options.
A trial law class is also beneficial, since it allows J.D. students to cultivate litigation skills they will need if they become bankruptcy attorneys.