For most consumers, filing for bankruptcy is a decision wrought with stress, indecision and embarrassment. It’s not until a family struggling with unmanageable debt levels speaks with an experienced bankruptcy lawyer that relief becomes the dominate emotion.
Colorado Springs Bankruptcy Attorney Stephen H. Swift and the staff at our law offices are committed to assisting Colorado families earn a fresh start. Bankruptcy protection is a powerful tool that the educated and financially savvy never hesitate to use to their best advantage. Donald Trump has put his various companies through bankruptcy multiple times!
Top Causes of Bankruptcy Filings in Colorado Springs
While large banks continue to push regulatory reforms that they contend would make it more difficult for consumers to “abuse” bankruptcy laws, the truth of the matter is that the abuses most often occur when predatory lenders and the medical establishment saddle consumers with an insurmountable debt load.
- Credit Card Debt: High interest rates, late fees and default rates push consumers to the brink. Credit card companies raise credit limits and interest rates for years, only to cut a consumer off once they are in so far over their head there is no escape. The truth of the matter is most companies have still made money, even once the final balance is written off in bankruptcy.
- Foreclosure/Mortgage Debt: The foreclosure crisis was caused by the unscrupulous lending of large banks, where executives made billions in bonuses. Once bailed out by taxpayers, they went back to million dollar bonuses and business as usual – chasing taxpayers with deficiency judgments and foreclosure actions.
- Unemployment: Those who have lost their job can quickly find themselves unable to pay their bills. Often this happens to an older adult, closer to retirement. Putting your financial affairs in order through bankruptcy protection can help make retirement more than a pipedream.
- Medical bills: The medical establishment in this country is in shambles. Hospitals, pharmaceutical companies and insurance companies are permitted to run roughshod over the middle class by politicians more concerned about campaign contributions than the health and welfare of voters. As a result, life is being sold to the highest bidder and those suffering from a serious medical illness are often saddled with tens of thousands – even hundreds of thousands – worth of medical bills. Don’t spend the rest of your life trying to pay off a hospital. Discharge such debts through bankruptcy and get the fresh start you deserve.
Filing for Bankruptcy in Colorado Springs
The truth of the matter is that filing for bankruptcy protection in Colorado can help most consumers years before they finally decide it is their only alternative. Quit the struggle. Seize control of your financial future.
A Colorado Springs bankruptcy lawyer can assist you in determining the best course of action for your individual case. The Law Offices of Stephen H. Swift is here to aid consumers in the bankruptcy process.Serving clients in in Colorado Springs, Pueblo, Denver and the surrounding area.
Colorado Springs bankruptcy – 866-893-2440 or 719.520.0164 – legal consultation
