Many people are in debt that they are unable to pay, usually due to unexpected medical expenses or a loss of income. This can be a stressful experience and, in certain cases even debilitating. Thankfully, there are federal laws that can provide citizens with bankruptcy options to give them a fresh start.
The bankruptcy process offers many benefits it can provide, including the abolition of harassment by creditors and the discharge of debts among other things. It also allows exemptions to protect critical assets such as homes and vehicles from repossession or foreclosure, and offers a planned process for rebuilding credit over time.
It is nevertheless important to think about the impact on credit, the potential loss of assets, and the limitations of bankruptcy when deciding whether or not it’s a viable option. Talking with a financial professional or bankruptcy attorney can help provide valuable guidance and insight on what kind of option is best suited to one’s unique 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 lowers costs and risk. Our bankruptcy solutions give servicers the ability to inform creditors quickly and accurately about bankruptcy filings, receive notifications when case dispositions change and automate the process in order to maximize the amount of recoveries and reduce the workload of operations. The software allows servicers to design, modify, and approve court forms, including the U.S. Bankruptcy Court Proof of Claim. Upload documents, print or email forms to third parties for completion.
دیدگاهی یافت نشد