Bankruptcy Solutions

Many people are in debt that they can’t pay, often due to unexpected medical bills or a loss of income. This can be stressful and, in a few cases it can be debilitating. There are, however, federal laws that provide citizens with bankruptcy solutions that give them a fresh start.

It has numerous advantages, including stopping creditor harassment, allowing debt discharge, and more. It also permits exemptions to safeguard critical assets such as vehicles and homes from foreclosure or repossession, and provides a well-planned procedure for rebuilding credit over time.

It is nevertheless important to consider the impact on credit, the potential loss of assets, and the limitations of bankruptcy when deciding whether it is a good option. A financial counsellor or bankruptcy lawyer can provide valuable information and advice on the best solution for a person’s particular 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 an end-to-end bankruptcy solution that reduces the risk and costs. Our bankruptcy solutions provide servicers with the ability to notify creditors quickly and accurately of bankruptcy filings, receive notifications when case dispositions change and automate the process to maximize recovery and reduce operational workloads. The solution allows servicers also to prepare, modify, and approve court forms, which includes the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or forward forms to third parties for their completion.

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