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Scott Barna

President at Stretto
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In his role as co-President and Chief Integration Officer, Scott is responsible for leading organic and inorganic organizational-optimization opportunities at Stretto. As a trained intelligence officer with extensive expertise overseeing integrations, process improvement, execution, and strategy, Scott has served in senior roles for both the government and the private sector. He has significant experience directing dynamic teams at the highest performance level from field and head office vantage points in pursuit of complex and transformative missions. Fueled by his inherent leadership competencies, as well as his strong analysis and structured implementation skills, Scott has successfully executed critical, international assignments ranging from covert action national security findings to financial-services administration. Prior to joining Stretto, Scott had executive oversight for multiple, regional departments at Computershare including North American vendor management and procurement, as well as the cross-functional operational demand fulfillment division.

Employment
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  • Bankruptcy: A Strategic Debt-Relief Tool for Financial Recovery
    Scott highlights that bankruptcy can be a viable option when debt becomes unmanageable due to unforeseen events. He advises consulting a bankruptcy attorney to explore options and dispel misconceptions. With proper guidance, bankruptcy can offer a fresh start, halting creditor actions and enabling financial recovery. Scott emphasizes, "Bankruptcy is an extremely powerful process" for those in financial distress.
  • Bankruptcy: A Viable Alternative to Credit Counseling and Debt Forgiveness
    Scott highlights bankruptcy as a third option for managing debt, offering a fresh start for financially distressed borrowers. As President of Stretto, a firm providing software for consumer bankruptcy cases, Scott emphasizes the potential benefits of this often-overlooked solution.
  • Understanding Bankruptcy: What Debts Can Be Cleared?
    Scott explains, "Not all debts can be discharged in bankruptcy," highlighting exceptions like taxes and student loans. He advises assessing finances and consulting an attorney. Chapter 7 involves liquidation, while Chapter 13 allows asset retention with a repayment plan. Scott emphasizes professional guidance in navigating options.
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  • Key drivers include the continued impact of elevated interest rates, and inflation that significantly contribute to rising household debt. This elevated debt, coupled with the fact that many consumers have exhausted the COVID monies that the federal government had distributed, has contributed to the incremental rise in defaults and bankruptcies.

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