Bankruptcy Solutions

There are a myriad of options available to consumers who are looking to get their finances back on their feet. However, bankruptcy should be filed with the guidance of an experienced bankruptcy lawyer and only after budgeting, debt consolidation or credit counseling efforts have failed. Filing for bankruptcy can give consumers the chance to cut off the majority of their debts and ease the burden that comes from late payments and focus their efforts towards rebuilding their credit.

A consumer proposal or debt consolidation or informal debt settlements can be main differences between bancorp and whole bank viable options for getting rid of massive debts without having liquidate assets, file for bankruptcy or have a 10-year bankruptcy note on their credit report. However consumers should be cautious when exploring these options, as they can lead to increased financial problems if not handled correctly by a reputable professional.

Businesses can also implement bankruptcy solutions to reduce the burden of debt and increase cash flow. These options include taking out an operating capital loan or exploring accounts receivable factoring or engaging in debt restructuring discussions with creditors. These strategies can help companies reduce financial risks, obtain funds to continue operations, and avoid bankruptcy.

Best Case by Stretto, the industry’s leading software for filing and preparation of cases can be used to prepare more than 80% of bankruptcy petitions and cases filed in the United U.S. With robust workflows and time-saving features, this best-in-class technology makes tasks easier and reduces the workload of busy professionals. Stretto offers bankruptcy trustees an extensive range of technology and ancillary solutions that increase efficiency and productivity.