Bankruptcy Solutions

Many people are in debt they aren’t able to pay back, typically due to unexpected medical expenses or a loss of income. This can be extremely stressful and, in some instances it can be debilitating. There are federal laws that offer bankruptcy solutions to citizens to start over.

Bankruptcy offers several advantages in the form of stopping creditor harassment and enabling 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.

However, it’s crucial to consider the effect on credit, potential loss of assets, and the limitations of bankruptcy when determining whether it is a good option. A financial advisor or bankruptcy lawyer can offer valuable advice and insight on the most appropriate solution for a person’s particular financial situation.

For more than 30 years, Stretto has been at the forefront of the Chapter 7 landscape, pairing the latest industry knowledge with advanced technologies to create a https://brittandcatrett.com/2020/09/15/vdr-can-be-an-ideal-tool-to-help-small-business-owners-get-their-data-organized-for-various-purposes/ comprehensive end-to-end solution for managing bankruptcy which helps to reduce costs and risks. Our bankruptcy solutions give servicers the ability to notify creditors quickly and accurately about bankruptcy filings, and receive updates when the disposition of a case changes and also automate the process to maximize recoveries and reduce operational burdens. Servicers can also use the solution to prepare, modify, and approve court forms, including the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or email forms to third parties for their completion.