Bankruptcy Solutions

Many people are in debt they are unable to pay, usually due to unexpected medical expenses or a loss of income. This can be extremely stressful and, in certain cases it can be debilitating. Fortunately, there are federal laws that provide individuals with bankruptcy solutions to give them a chance to start over.

Bankruptcy has many advantages that include stopping the harassment of creditors and allowing the discharge of debts, among other things. It also offers exemptions for critical assets such as cars and homes from foreclosure or repossession and provides a structured method to rebuild credit over time.

Nonetheless, it is important to think about the impact on credit, possible loss of assets and limitations of https://brittandcatrett.com/2020/03/28/small-business-is-the-best-start/ bankruptcy when deciding whether it is a good option. A financial expert or bankruptcy lawyer can provide valuable insight and guidance on the best option for a person’s specific financial situation.

Stretto is a pioneer in the Chapter 7 landscape for more than 30 years, has combined industry knowledge with a robust technology to create an end-to -end bankruptcy solution that lowers risks and costs. Our bankruptcy solutions allow servicers to speedily and precisely inform creditors of bankruptcy filings. They can also receive notifications when the status of the case changes. They also automate the process to increase recoveries and minimize operational workloads. The solution also allows servicers to create, edit and approve court forms, including the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or send forms to third parties for their completion.