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Client Testimonials

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  • "Valerie went way above & beyond to be helpful and make sure everything was clear.  She's a real spitfire!  Steve & Patti were very professional. Thank you for completing my bankruptcy!  I know it wasn't an easy one." 
             – Ken H., Woodland Park, CO 12.28.13

  • “Patti was so sweet and helpful. And that Valerie...as soon as she heard about my garnishment, she got things moving quickly.  She's quite a go-getter!  My attorney, Mr. Stratman made this process seem very simple, and he was very helpful. ” 
                   – Karie & Glen,  Colorado Springs, CO  05/17/14

  • "I love you Patti!  You mad the process doable for me. And Steve, you were fantastic!  You worked with me and educated me when no one else did.  I enjoyed your leve of professionalism " 
         – JoAnn S.,Highlands Ranch, CO   05.18.14

  • " I love Valerie! She's so friendly with a great attitude...and very helpful.  It was so nice to have someone like Mr. Swift that was so experienced in all areas. " 
            – Jessica W.,  Colorado Springs , CO   05.12.14

  • "Stephen Swift is a wonderful and awesome man.  I will remember him in the future! :)  Both Patti & Valerie are wonderful ladies to talk to.  I rate this place a 10.  I would recommend them to anyone else I knew who was in my situation. "  – Connie L, Colorado Springs  6.26.14

  • "What can I say about Mr. Swift? He is the greatest.  A fighter for the client! Cris was a "jack of all trades"...an excellent listener, and she answers questions promptly.  Patti & Valerie were both very friendly and knowlegeable. I rate my experience with this firm a 10!" 
          – Coleen S,  Colorado Springs  4.29.15

  • "Everyone was very knowledgeable, organized and friendly!  We learned a lot from Mr. Swift.  Our case went very smooth, and it was filed quickly.  We appreciate that!" 
       – Francisco & Rebecca, Colorado Springs 03.19.15

  • "Everyone I came into contact with at Swift Law Firm was friendly and professional.  They also went above & beyond inbeing helpful!"  – Christopher, Colorado Springs  03.23.15

  • " Mr. Swift, not only did you work to get us a home during our bankruptcy, you also got our bankruptcy from 5 years to under 3 years.  Amazing! Thank you for looking at our case.  We are so grateful!   " 
                –Nicole W.,  Canon City, Colorado  09.14.14

  • " Great service!  Staff is extremely helpful & attentive!  I highly recommend Swift Law Firm to anyone needing bankruptcy service/advice. Patti & Cris were always professional and courteous and a pleasure to talk to.  Mr. Swift is an excellent attorney.  He is very knowledgeable about bankruptcy law and how it pertains to each individual. Great to work with.  Thank you Patti, Cris & Steve!  "    –Tonya  H.,  Colorado Springs, CO   09.08.14

  • " Your law firm is the best, and I can't thank you enough for being willing to go above and beyond to help me with my financial situation! Patti is always so nice, and Mr. Swift is AWESOME!  " 
          –Denise L. , Colorado Springs, CO  07.24.14

  • " Dearest Mr. Swift & staff, I just wanted to say thank you very much.  You all have been wonderful!  Bless you for doing your jobs with honesty and integrity.  Hard qualities to find these days! Especially in attorneys.  You are the best!  I will keep in touch, just to pester you.  Ha Ha  –Yolanda S.,  La Veta, Colorado  11.01.14

  • " Very nice people to work with! I would recommend them to anyone I know that was in my situation. Mr. Swift is very friendly, and he made us feel very comfortable.  Thank you! "  –Brenda H., Colorado Springs, CO 12.03.14

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    “I would rate my overall experience at the firm as a ten!  Patti was very nice & helpful, and Valerie was very knowledgeable!  They    gave me multiple options for my situation and helpful email reminders.  My attorney, Jon Stratman was very kind and gave me helpful guidance throughout the process.”   – anonymous




  • "Anyone looking for a highly respected bankruptcy lawyer, I definitely recommend Stephen H. Swift Law Firm. Everyone there is so friendly and so helpful. They make it easy to pay for your bankruptcy and are pretty affordable. My reason for highly recommending them is because they go above and beyond for you. They are very sympathetic with the situation you are in. They always have your back. Especially one person in-particular on her day off, will call and handle any creditor that is harassing you. My bankruptcy has been filed and discharged for almost a little over a year now and I will get a phone call every once in a while and I just call them and they take care of it at no cost to me. Valerie, Patty and Stephen I am and always will be grateful for you. Thank you again for all you've done. I love Stephen H. Swift Law Firm.  " 
         – Kathy Garcia., Burlington, CO   09.10.15

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26 Feb 2014

Bankruptcy Filers: Responsible Citizens or Escapists?

In some circles, bankruptcy is viewed as a taboo subject. People immediately assume that those who file for personal bankruptcy are simply irresponsible with money or they are trying to escape from paying their bills. In reality, however, this is rarely the case.


Bankruptcy attorneys and other financial experts are quick to point out how many successful people they know who have filed for bankruptcy in the past. The fact is that bankruptcy offers an individual protection from creditors who might otherwise place an enormous burden on them.

Without bankruptcy protection, people who are saddled with debt would be at the mercy of their creditors, who could file judgments, garnish wages and place liens on their property. Bankruptcy allows an individual the opportunity to prove to their creditors that he or she is not capable of meeting expenses, while allowing him or her to make an attempt at restitution.

Why is an attempt at restitution so important?

Bankruptcy filers are often judged harshly by those who assume they are just trying to escape debt. They wrongly believe that one's personal bankruptcy allows them to get off the hook completely. While some of the filer's debts may be discharged in Chapter 7 and Chapter 13 bankruptcy, the court still requires them to make an attempt at restitution. In a Chapter 7 bankruptcy, the filer must forfeit any assets that are not protected, or exempt, by state bankruptcy laws. The proceeds from the sale of these assets is then used to pay back creditors. In Chapter 13 bankruptcy, filers are expected to create a repayment plan with the court, which essentially settles their debts over a period of 3 to 5 years.

While restitution may not be complete, it is an important aspect to bankruptcy protection because it requires the filer to bear some responsibility instead of walking away debt-free. Personal bankruptcy is certainly not something one should aspire to, but for most people it is a much better alternative than hiding from creditors. It offers protection from creditors and it offers a means to a fresh start. It is wise for those seeking protection to work directly with a Colorado Springs bankruptcy attorney for advice on starting the process.

How will bankruptcy affect your credit score?

Even those who are willing to deal with the emotional repercussions of bankruptcy might not be so thrilled about the damage it will do to their credit score. In fact, other than emotional stress, credit score is what filers worry about the most. It is true that a bankruptcy filing can show up on your credit score for up to ten years, so If you find that bankruptcy protection is the best option for your financial future you will want to start repairing your credit score as soon as possible.

The following are a few considerations to help Colorado residents with repairing their credit score.

  • It is not uncommon for credit reports to be inaccurate, so bankruptcy filers should first get copies of their "pre-bankruptcy" credit reports. This helps to ensure that any closed accounts are listed as such, and the debts listed actually belong on the report.
  • Each of the three largest credit bureaus is required to provide individuals with one free credit report per year. Individuals are encouraged to take advantage of this, so if something is amiss it can be disputed and changed right away.
  • While one might worry about getting another credit card immediately after bankruptcy, it is probably a good idea to do so. A secured credit card is backed up by a deposit put down by the cardholder, meaning the line of credit is the same amount as the deposit. Because of this, most people are approved for this type of card. It is just one way to that people rebuild their credit score.
  • Pay your bills on time. This may seem pretty obvious, but it important to carry it out. It might mean developing new habits, cutting back on extras and sticking to a payment schedule, but it will gradually rebuild your credit score. Remember, 35% of your credit score is attributable to payment history.

Finally, if you are considering bankruptcy in Colorado, consult with an experienced Colorado Springs bankruptcy lawyer. Be prepared to ask questions and learn about all of your options before making a decision.

 

Stephen H. Swift

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

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