Bankruptcy Solutions

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Many people are in debt that they can’t repay, usually due to unexpected medical expenses or a loss of income. This can be a stressful situation, and sometimes even debilitating. There are federal laws which offer bankruptcy options for people to get a fresh start.

The bankruptcy process offers many benefits that include the abolition of harassment by creditors and the discharge of debts among others. It also offers exemptions for important assets like homes and cars from foreclosure or repossession, and provides a structured method to build credit over time.

It is essential to weigh the possible impact of bankruptcy on credit, assets and limits when deciding whether it’s a good option. Talking with a financial professional or bankruptcy attorney can give valuable advice and insight into which option is best suited to the individual’s financial situation.

Stretto the leader in the Chapter 7 landscape for more than 30 years, has combined industry knowledge with advanced technology to create an end-to-end bankruptcy solution that minimizes costs and risk. Our bankruptcy solutions provide servicers with the ability to notify creditors quickly and accurately of bankruptcy filings, receive updates when case dispositions change and to automate the process to maximize the amount of recoveries and reduce operational burdens. Servicers can also use the solution to prepare, modify and approve court forms, including the U.S. Bankruptcy Court Proof of Claim Upload documents and print or email forms to third parties for the completion.