Bankruptcy Solutions

A variety of bankruptcy options are available to help consumers get back on track with their finances. However, bankruptcy should only be filed under the supervision of an experienced bankruptcy lawyer and after budgeting, debt consolidation or credit counseling efforts have failed. In filing for bankruptcy, consumers the opportunity to eliminate the majority of their debts as well as ease the stress caused by late payments and refocus their efforts on rebuilding their credit.

A consumer proposal or debt consolidation or informal debt settlements might be viable options for relieving significant debts without having to liquidate assets or file for bankruptcy. They could also live with a 10-year bankruptcy note on their credit report. However, consumers should be cautious when exploring these options, as they can cause more financial issues if they are not managed appropriately by a trusted professional.

Businesses can also implement various bankruptcy strategies to boost cash flow and manage debt. These options include taking out an operating capital loan and exploring the possibility of factoring accounts receivable or engaging in discussions on restructuring debt with creditors. These options can help businesses minimize financial risks, and get financing to sustain operations and avoid bankruptcy.

Utilized to prepare more than 80% of bankruptcy cases filed nationwide, Best Case by Stretto is the most renowned software for filing and case preparation for bankruptcy Attorneys and petitioners. This top-of-the-line technology with its robust workflows and time-saving features, makes tasks easier for busy professionals. Stretto also offers bankruptcy trustees incredible technology tools and extensive support services that boost efficiency and productivity.

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