Bankruptcy Solutions

Many people are in debt they can’t pay off, usually due to unexpected medical expenses or a loss of earnings. This can be stressful and sometimes even debilitating. There are federal laws which offer bankruptcy solutions to citizens to start over.

The bankruptcy process offers many benefits that https://brittandcatrett.com/2021/10/20/intralinks-appropriate-tool-for-usage include the abolition of harassment by creditors and the discharge of debts, among others. It also offers exemptions for essential assets like cars and homes from foreclosure or repossession and offers a structured way to build credit over time.

Nonetheless, it is important to take into consideration the impact on credit, possible loss of assets, and the limitations of bankruptcy when determining whether it’s the best option. A financial expert or bankruptcy lawyer can offer valuable advice and insight on the best solution to a person’s unique 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 an extensive, end-to-end bankruptcy management solution that reduces costs and risks. Our bankruptcy solutions provide servicers with the ability to notify creditors quickly and accurately of bankruptcy filings, receive notifications when dispositions of cases change and automate the process to maximize recoveries and decrease the workload of operations. The software also allows 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 print or transmit forms to third parties for the completion.