Bankruptcy Solutions

Many people are in debt they cannot pay, often due to unexpected medical bills or an unexpected loss of income. This can be a stressful situation, and sometimes even debilitating. There are federal laws which provide bankruptcy options for individuals to start fresh.

It has numerous advantages, including stopping creditor harassment and allowing debt relief and more. It also allows for exemptions to protect important assets such as homes and vehicles from repossession or foreclosure, and provides a structured procedure for rebuilding credit over time.

However, it’s important to think about the impact on credit, the possibility of loss of assets and limitations of bankruptcy when deciding whether it’s an appropriate option. Talking with a financial professional or bankruptcy lawyer can give valuable advice and insight on what kind of option is best suited to your unique 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 system that reduces costs and risk. Our bankruptcy solutions offer service providers the ability to notify creditors quickly and accurately of bankruptcy filings, and receive updates when case dispositions change and to automate the process to maximize recoveries and reduce operational workloads. The software also allows servicers to create, modify and approve court forms such as the U.S. Bankruptcy Court Proof of Claim Upload documents and print or https://brittandcatrett.com/2022/01/04/risk-management-and-small-business/ transmit forms to third parties for their completion.