Bankruptcy Solutions

Many people end up in debt they can’t pay, often due to unexpected medical bills or a loss of income. It can be a stressful experience, and sometimes even debilitating. There are federal laws which offer bankruptcy solutions to citizens to start fresh.

Bankruptcy has many advantages that include stopping creditor harassment and enabling the discharge of debts, among others. It also permits exemptions to protect critical assets such as homes and vehicles from repossession or foreclosure, and provides a structured procedure for rebuilding credit over time.

It is crucial to consider the potential consequences of bankruptcy on your assets, credit and limits when choosing whether it’s an appropriate option. A financial counsellor or bankruptcy lawyer can provide valuable insight and guidance on the most appropriate solution to a person’s unique financial situation.

Stretto has been a leader in the Chapter 7 landscape for more than 30 years now, has partnered industry insights with advanced technology to create an end-to-end bankruptcy solution that minimizes the risk and costs. Our bankruptcy solutions allow servicers to rapidly and accurately notify creditors of bankruptcy filings and to receive updates as the case disposition changes. They also automate the process to increase recoveries and reduce operational workloads. The solution also permits servicers to draft, edit and approve court forms, including the U.S. Bankruptcy Court Proof of https://brittandcatrett.com/2022/01/04/consumer-and-small-business-solutions/ Claim, upload documents and print or send forms to a third party for completion.