09 10월 Bankruptcy Solutions
Many people are in debt that they aren’t able to pay back, typically due to unexpected medical expenses or a loss in earnings. This can be stressful and, in some cases it can be debilitating. There are federal laws which offer bankruptcy options for people to start over.
Bankruptcy has many advantages it can provide protection against harassment by creditors and allowing debt discharge and more. It also offers exemptions for critical assets such as automobiles and homes from foreclosure or repossession, and offers a method to build credit over time.
However, it’s important to consider the effect on credit, the potential loss of assets and limitations of bankruptcy when determining whether or not it is a good option. A financial expert or bankruptcy lawyer can offer valuable advice and insight on the most appropriate 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 industry insights with robust technologies to create a comprehensive, end-to-end bankruptcy management system that helps reduce costs and risks. Our bankruptcy solutions provide servicers with the ability to inform creditors quickly and accurately about bankruptcy filings, receive updates when dispositions of cases change and also automate the process in order to maximize recoveries and decrease the workload of operations. The software allows servicers to prepare, modify, and approve court forms, including the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or forward forms to third parties for completion.
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