Bankruptcy Solutions

Many people are in debt that they aren’t able to pay back, typically due to unexpected medical expenses or a loss of earnings. This can be a stressful situation, and in some cases debilitating. There are federal laws that provide bankruptcy options for individuals to start over.

The bankruptcy process offers many benefits it can provide, including the abolition of harassment by creditors and the discharge of debts, among others. It also allows for exemptions to protect critical assets such as vehicles and homes from foreclosure or repossession and offers a planned process for rebuilding credit over time.

Nonetheless, it is important to think about the impact on credit, the possibility of loss of assets, and the limitations of bankruptcy when deciding whether it’s a viable option. A consultation with a financial advisor or bankruptcy attorney may provide valuable guidance and insight into what type of option is best suited to the specific financial situation of each person.

For more than 30 years, Stretto has been at the forefront of the Chapter 7 landscape, pairing industry insights with robust technologies to provide a complete, all-inclusive bankruptcy management solution which helps to reduce costs and risk. Our bankruptcy solutions enable servicers to rapidly and accurately notify creditors of bankruptcy filings. They can also receive updates as case disposition changes. They can also automate the process official site to increase the amount of recoveries and reduce operational burdens. The solution also allows servicers to prepare, modify and approve court forms such as the U.S. Bankruptcy Court Proof of Claim Upload documents and print or transmit forms to a third party for completion.