Bankruptcy Solutions

Many people are in debt that they can’t pay off, usually due to unexpected medical expenses or a loss of earnings. This can be a stressful situation, and in some cases, debilitating. There are federal laws which provide bankruptcy options for individuals to start over.

The bankruptcy process offers many benefits, such as stopping creditor harassment and enabling the discharge of debts, among other things. It also allows exemptions to protect critical assets like vehicles and homes from foreclosure or repossession, and provides a structured path for rebuilding credit over time.

It is nevertheless important to consider the effect on credit, possible loss of assets, and the limitations of bankruptcy when deciding whether or not it’s the best option. A financial consultant or bankruptcy lawyer will provide valuable information and advice on the best option for a person’s specific financial situation.

Stretto, a leader in the Chapter 7 landscape for more than 30 years now and has teamed industry insights with a robust technology to create why not try these out an end-to -end bankruptcy solution that lowers costs and risks. Our bankruptcy solutions offer service providers the ability to notify creditors quickly and accurately of bankruptcy filings, get updates when dispositions of cases change, and automate the process in order to maximize recoveries and decrease the workload of operations. The solution allows servicers also to create, edit and approve court forms, such as the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or send forms to third parties for completion.