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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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  • Navigating Debt Relief: Expert Insights from Stretto's Scott Barna
    Scott advises understanding your financial situation before choosing debt management, settlement, consolidation, or bankruptcy. He warns, "It's a 'buyer beware' market," and suggests consulting professionals. Bankruptcy is considered when spending exceeds income, especially after events like job loss. With consumer debt high, proactive management is crucial.
  • Understanding Chapter 11: Insights from Bankruptcy Expert Scott Barna
    Scott explains Chapter 11 suits individuals with larger estates needing debt reorganization and businesses with recovery potential. It allows debtors to "catch up on arrearages and restructure liabilities." Chapter 11 differs from Chapter 13 by accommodating larger debts. Chapter 7, involving asset liquidation, suits those unable to reorganize profitably.
  • 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.
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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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