Bankruptcy Solutions

Many people are in debt 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 instances, even debilitating. There are federal laws which provide bankruptcy options for individuals to make a fresh start.

The bankruptcy process has many benefits it can provide protection against harassment by creditors, allowing debt discharge, and much more. It also provides exemptions for important assets like automobiles and https://brittandcatrett.com/2021/07/08/generated-post homes from repossession or foreclosure and provides a method to build credit over time.

It is essential to weigh the possible impact of bankruptcy on assets, credit and limits when making a decision on whether it’s a viable option. A financial advisor or bankruptcy lawyer can offer valuable advice and insight on the best solution for a person’s particular financial situation.

Stretto is a pioneer in the Chapter 7 landscape for more than 30 years and has teamed industry insights with the latest technology to develop an end-to-end bankruptcy system that reduces costs and risk. Our bankruptcy solutions give servicers the ability to inform creditors quickly and accurately about bankruptcy filings, get updates when the disposition of a case changes and automate the process to maximize recoveries and reduce operational workloads. The solution allows servicers also to create, edit, and approve court forms, such as the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or mail forms to third party servicers for completion.