Bankruptcy Solutions

Many bankruptcy options are available to help people get back on track with their finances. However, bankruptcy should only be filed under the supervision of an experienced bankruptcy lawyer and only after budgeting, debt consolidation or credit counseling efforts have failed. The filing of bankruptcy gives consumers the chance look at this site to pay off several of their debts, alleviate the stress caused by late payments, and focus their efforts towards rebuilding their credit.

A consumer proposal such as debt consolidation, informal debt settlements can be viable options for relieving massive debts without having liquidate assets or file for bankruptcy. They could also be stuck with a 10-year bankruptcy notice on their credit report. However, consumers should be cautious when taking these choices, as they can lead to increased financial troubles if not handled correctly by a reputable professional.

Businesses can also apply several bankruptcy options to improve cash flow and manage debt. These options include the implementation of working capital loans, looking into the accounts receivable factor or engaging in debt negotiation discussions with creditors. These options can help companies limit financial risks, secure financing to keep operations going and avoid bankruptcy.

Used to prepare more than 80% of bankruptcy cases filed nationwide, Best Case by Stretto is the industry’s premier case preparation and filing software for bankruptcy attorneys and petition preparers. With a robust workflow and time-saving functions, this top-of-the line technology helps simplify tasks and eases the workload of busy professionals. Stretto also provides bankruptcy trustees with incredible technology tools and extensive additional services that improve productivity and improve efficiency.