Call 1-719-520-0164 Today!

05 Jan 2014

Keeping Your Property Through Bankruptcy Featured

Misconceptions about bankruptcy abound in America, which is a great shame because it prevents many people from getting the debt-relief help that they so desperately need.

One of the many misconceptions about bankruptcy is that your property will be seized to help pay off your debts, and that you won’t be able to keep your house, your car, or other important properties.


This misconception is actually the opposite of the truth! In reality, without the protections offered by bankruptcy law, creditors can put liens against your property, repossess your car, or any number of other debt-payment options.

Bankruptcy isn’t about helping the creditors, it’s about helping you, the consumer. Bankruptcy law offers the average person protection from predatory lending schemes and out-of-control debt, and as such, it allows you opportunities that you wouldn’t normally have.

For example, under current Colorado law, you’re allowed to keep a vehicle with up to five thousand dollars’ worth of equity, which is most cars. For example, if your car is currently worth ten thousand dollars, and you owe more than five thousand dollars for it, then you can keep it. Further, a leased vehicle can be kept regardless of the cost.

Likewise, you can keep up to sixty thousand dollars in home equity.

Those figures may not sound like much money, but when you consider that most people actually owe more than their car or home are worth, it begins to sound much more reasonable!

Don’t let your fear of losing things keep you from consulting with a bankruptcy attorney, because they could save the things you care about most!

Stephen H. Swift

Managing Attorney
Law Office of Stephen H. Swift, P.C.

Client Testimonials

  • All
  • Alamosa
  • Buena Vista
  • Burlinton
  • Canon City
  • Colorado
  • Colorado Springs
  • Cripple Creek
  • Denver
  • Divide
  • Falcon
  • Florissant
  • Fountain
  • Hartsel
  • Highlands Ranch
  • La Junta
  • Lamar
  • La Veta
  • Manitou Springs
  • Monument
  • Pueblo
  • Rocky Ford
  • Salida
  • Southern Colorado
  • Teller County
  • Westcilffe
  • Wiley
  • Woodland Park
  • Default
  • Title
  • Date
  • Random
  • "We found Swift Law Firm while doing a search online.  We are so glad we did!  The entire staff was very friendly and professional, and they didn't make you feel stupid for having to file.  " 
             – Ron & Ann N., Colorado Springs, CO

    • Colorado Springs
  • "Everyone there showed patience and caring to my situation.  Cris and Patti in particular did a good job communicating with me and showing outstanding service.  Very professional, friendly and extremely helpful!" 
             –  Belma C., Colorado Springs, CO



     

    • Colorado Springs
  • "Mr. Swift truly cared about me and my case.  He remembered me & my family, and he always inquired about them.  I felt that my bankruptcy was handled professionally, timely and that Mr. Swift and his staff truly cared.  Also, the receptionist was always very pleasant and helpful.  If she didn't have the answer, she would get back to me in a timely manner.   I would refer this firm to anyone!
             –  Samantha A., Colorado Springs, CO

    • Colorado Springs
  • "Thank you for the friendliness and payment plan.  Very helpful!" 
             –  Yvonne M., Colorado Springs, CO



     

    • Colorado Springs
  • "When I walked in, I was very nervous.  Mr. Swift and his staff quickly put me at ease.  I am extremely pleased with all the staff being helpful as well... Patti was very personable and helped me feel relieved with my going into bankruptcy.  Valerie was very helpful with any concerns while filing out the paperwork.  Ward was willing to break down the paperwork for review.   Every step of the way Mr. Swift had me at ease and answered all questions with great expertise! He made the process a smooth one. " 
         – Robert R., Colorado Springs, CO  

    • Alamosa
  • "Very happy with this office!  Everyone was very helpful and nice.  I rate them a 10 in every way! " 
         – Javier G., Colorado Springs, CO  

    • Alamosa
load more hold SHIFT key to load all load all

Popular Blog Posts

Get In Touch

 733 E. Costilla St., Suite A

     Colorado Springs, CO 80903

 Phone: (719) 520-0164

 Fax: (719) 520-0248