Bankruptcy Solutions

Many people end up in debt they cannot pay, usually due to unexpected medical expenses or a loss of income. This can be stressful and in some cases, debilitating. There are federal laws that offer bankruptcy solutions to citizens to start over.

Bankruptcy has many advantages, such as the abolition of harassment by creditors and the discharge of debts, among other things. It also allows exemptions for crucial assets such https://brittandcatrett.com/2020/03/28/small-business-is-the-best-start as automobiles and homes from repossession or foreclosure, and offers a structured way to rebuild credit over time.

However, it’s important to consider the impact on credit, the possibility of loss of assets and limitations of bankruptcy when determining whether it’s a viable option. A financial consultant or bankruptcy lawyer will provide valuable insight and guidance on the best solution for a particular financial situation.

For more than 30 years, Stretto has been at the forefront of the Chapter 7 landscape, pairing industry insights with robust technologies to create an extensive, end-to-end bankruptcy management system that reduces costs and risks. Our bankruptcy solutions provide servicers with the ability to notify creditors quickly and accurately about bankruptcy filings, and receive updates when the disposition of a case changes and to automate the process in order to maximize recoveries and decrease operational workloads. The solution also allows servicers to design, modify and accept court forms, including the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or forward forms to third parties for completion.