Bankruptcy Solutions

09 Ott Bankruptcy Solutions

Many people are in debt that they can’t pay off, usually due to unexpected medical expenses or a loss of earnings. This can be a stressful experience and, in some cases even debilitating. Fortunately, there are federal laws that can provide citizens with bankruptcy solutions that give them a fresh start.

The bankruptcy process has many benefits it can provide protection against harassment by creditors and allowing debt discharge and more. It also offers exemptions for important assets like homes and cars from repossession or foreclosure, and provides a method to rebuild credit over time.

It is crucial to consider the possible consequences of bankruptcy on your assets, credit, and limitations when deciding if it’s a good option. A financial consultant or bankruptcy lawyer will offer valuable advice and insight on the best approach for a person’s particular financial situation.

For more than 30 years, Stretto has been at the forefront of the Chapter 7 https://brittandcatrett.com/2020/03/28/small-business-is-the-best-start/ landscape, pairing expertise from the industry with advanced technology to create a comprehensive, end-to-end bankruptcy management solution which helps to reduce costs and risks. Our bankruptcy solutions allow servicers the ability to inform creditors quickly and accurately about bankruptcy filings, and receive updates when dispositions of cases change and automate the process in order to maximize recovery and reduce the workload of operations. The software also allows servicers to prepare, modify and approve court documents, including the U.S. Bankruptcy Court Proof of Claim Upload documents and print or email forms to third parties for the completion.