Bankruptcy Solutions

Many people are in debt that they can’t pay off, usually due to unexpected medical expenses or a loss in earnings. This can be stressful, and in some cases, debilitating. There are, however, federal laws that can provide citizens with bankruptcy solutions to give them a fresh start.

It has numerous advantages it can provide protection against harassment by creditors and allowing debt relief and more. It also grants exemptions to essential assets like cars and homes from foreclosure or repossession and provides a structured method to rebuild credit over time.

It is important to evaluate the potential consequences of bankruptcy on your assets, credit and limitations before deciding if it’s a good option. A consultation with a financial advisor or bankruptcy attorney can help give valuable advice and insight on what kind of solution is best based on the individual’s financial situation.

Stretto has been a leader in the Chapter 7 landscape for more than 30 years and has teamed industry insights with advanced technology to create an end-to -end bankruptcy solution that lowers costs and risks. Our bankruptcy solutions allow servicers the ability to inform creditors quickly and accurately of bankruptcy filings, receive notifications when case dispositions change and also automate the process in order to maximize business solutions for small businesses to work optimally recoveries and reduce operational workloads. The solution also allows servicers to create, modify and approve court forms, including the U.S. Bankruptcy Court Proof of Claim, upload documents and print or email forms to an outside party for completion.