Bankruptcy Solutions

Many people are in debt they cannot pay, usually due to unexpected medical expenses or a loss of income. This can be stressful, and sometimes even debilitating. There are federal laws that provide bankruptcy solutions for citizens to start fresh.

Bankruptcy offers several advantages in the form of the abolition of harassment by creditors and the discharge of debts among others. It also provides exemptions for crucial assets such as automobiles and homes from repossession or foreclosure, and offers a method to build credit over time.

It is essential to weigh the possible consequences of bankruptcy on your credit, assets and limitations when making a decision on whether it’s a viable option. Talking with a financial professional or bankruptcy attorney can give valuable advice and insight into which type of solution is the best one based on the individual’s financial situation.

For more than 30 years, Stretto has been at the forefront of the Chapter 7 landscape, pairing industry insights with robust technologies to create an extensive, end-to-end solution for managing bankruptcy that helps reduce costs and risks. Our bankruptcy solutions allow servicers the ability to notify creditors quickly and look at this site accurately about bankruptcy filings, receive notifications whenever dispositions in the case change and to automate the process in order to maximize recoveries and reduce the workload of operations. The solution also permits servicers to prepare, modify and approve court forms, including the U.S. Bankruptcy Court Proof of Claim and other documents, as well as upload them and send the forms to a third party for completion.