Demystifying Financial Reporting

Stretto facilitates due diligence requirements by providing comprehensive creditor and client data, ensuring court compliance, to address challenges Attorneys face during this process.

1. Financial Data

Stretto’s financial data solutions can be organized into two buckets: credit reports and financial reports. The Credit Report provides the most pertinent client and creditor information for preparing bankruptcy cases, including judgments and liens, medical collection liabilities, and bankruptcy-specific addresses to ensure delivery of notices. In addition to data contained in the Credit Report, the Financial Report is comprised of an in-depth asset analysis that includes detailed property information, vehicle registrations, UCC filings, and related work history.

Both reports provide information from all three credit bureaus.

2. Reporting

Financial reporting and credit reporting are only as good as the data drawn. Attorneys need in-depth credit information including credit scores, account history, and recent inquiries, as well as tailored insights highlighting potential challenges and opportunities for each client.

Compared to other credit report providers, Stretto offers attorney-specific features and insights, providing complete and accurate information, and facilitating better decision-making for bankruptcy cases.

3. Court Compliance

Come prepared with comprehensive reports and asset summaries for a complete view of a client’s financial history, ensuring accurate information and court compliance. Attorneys gain valuable time efficiencies by seamlessly integrating data into most bankruptcy-software platforms.

Stretto Credit and Financial Reports Make It Possible

It’s critical that busy professionals have convenient access to accurate asset information and online tools to streamline case preparation and simplify bankruptcy course management. Developed specifically for bankruptcy Attorneys, Stretto Credit and Financial Reports offer a wide breadth of client and creditor information compiled from the three primary credit-reporting bureaus. By offering a comprehensive suite of due-diligence products and services, Stretto provides all-inclusive financial information and court-approved bankruptcy courses that can be ordered from one secure centralized source.

Stretto offers access to supplemental income and asset data from reliable sources, providing bankruptcy professionals with a complete view of a client’s financial history.

To learn more about Stretto Credit and Financial Reports and how they can help Attorneys, check out our recent webinar with a step-by-step walkthrough.