A variety of bankruptcy consumer and small business solutions options are available to help consumers get back on the right track with their finances. However, bankruptcy should only be filed under the guidance of a skilled bankruptcy attorney and after budgeting or debt consolidation counseling efforts have failed. In bankruptcy, consumers are able to clear many of their debts, ease the stress that comes with late payments, and concentrate on rebuilding their credit.

Consumer suggestions, debt consolidation or informal debt settlements are also viable options to lower the amount of debts, without having liquidate assets or file for bankruptcy or have a bankruptcy note of 10 years on their credit report. However, consumers should be cautious about taking these choices, as they can lead to increased financial troubles if not handled correctly by a reputable professional.

Businesses can also apply various bankruptcy strategies to increase cash flow and manage debt. These options include implementing the working capital loan or exploring accounts receivable factoring or engaging in debt restructuring discussions with creditors. These options can help businesses reduce financial risk, and ensure that they have the funds to continue operations and avoid bankruptcy.

Best Case by Stretto, the industry's most popular software for filing and preparation of cases, is used to prepare more that 80% of bankruptcy petitions and cases filed in the United America. This top-of-the-line technology with its powerful workflows and time-saving features, helps busy professionals. Stretto offers bankruptcy trustees an extensive range of technology and ancillary services that boost productivity and efficiency.