Bankruptcy Solutions
https://brittandcatrett.com/2020/03/28/small-business-is-the-best-start
Many people end up in debt they can’t pay, often due to unexpected medical expenses or a loss of income. This can be a stressful situation, and in some instances, even debilitating. There are federal laws that offer bankruptcy solutions to citizens to get a fresh start.
It has numerous advantages which include stopping harassment from creditors and allowing debt discharge and more. It also allows exemptions to shield important assets like vehicles and homes from foreclosure or repossession, and provides a logical process for rebuilding credit over time.
Nonetheless, it is important to consider the impact on credit, the potential loss of assets and the limitations of bankruptcy when deciding whether it’s the best option. A financial expert or bankruptcy lawyer can offer valuable advice and insight on the best option for a particular financial situation.
Stretto is a pioneer in the Chapter 7 landscape for more than 30 years now, has paired industry insights with advanced technology to create an end-to-end bankruptcy solution that minimizes the risk and costs. Our bankruptcy solutions allow servicers to swiftly and accurately notify creditors of bankruptcy filings and to receive updates as the case disposition changes. They can also automate the process to increase the amount of recoveries and reduce operational burdens. The solution allows servicers also to prepare, modify, and approve court forms, which includes the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or send forms to third parties for completion.