Bankruptcy Solutions

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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 experience and, in certain cases difficult to deal with. There are federal laws that provide bankruptcy solutions for citizens to start over.

Bankruptcy has many advantages that include stopping harassment by creditors and allowing the discharge of debts, among others. It also allows exemptions to safeguard critical assets such as homes and vehicles from foreclosure or repossession, and offers a planned process for rebuilding credit over time.

It is crucial to consider the possible impact of bankruptcy on assets, credit and limitations when making a decision on whether it’s a viable option. A consultation with a financial advisor or bankruptcy lawyer can provide valuable guidance and insights into which solution is most appropriate based on one’s unique financial situation.

Stretto is a pioneer in the Chapter 7 landscape for more than 30 years, has paired industry insights with the latest technology to develop an end-to -end bankruptcy solution that lowers the risk and costs. Our bankruptcy solutions enable servicers to swiftly and accurately inform creditors of bankruptcy filings. They can also receive updates when the disposition of a case changes, and to automate the process in order to increase recoveries and reduce operational workloads. Servicers can also use the solution to prepare, modify, and approve court forms, which includes the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or email forms to third parties for their completion.