Bankruptcy Blog

“What is bankruptcy?” In this guide, we’ll break down what bankruptcy is, how it works, and whether it could be the right solution for your financial situation.

The fastest legal way to make it stop By Martin E. Long, Long & Long, P.C. — former Chapter 7 Trustee with more than 40 years in Colorado bankruptcy practice. Your paycheck is short because of a garnishment. A Notice of Election and Demand from the Public Trustee is sitting on your kitchen table. The…

Debt settlement vs. bankruptcy attorney: the short answer If you are drowning in credit card bills, medical debt, or a failing business loan, you have probably seen the ads: “Cut your debt in half without bankruptcy!” Debt settlement companies promise to negotiate with your creditors for you. What the ads leave out is that a…

By Martin E. Long, Founding Attorney, Long & Long, P.C. — Former Chapter 7 Trustee If you’re searching for this answer, you’re not alone. “How long does bankruptcy stay on your credit report” is one of the most common questions typed into Google by people weighing whether to file — right up there with “bankruptcy…

If you’ve started researching Chapter 7 bankruptcy, chances are you’ve run into the phrase “means test” and immediately had more questions than answers. It sounds intimidating — like a pass/fail exam standing between you and debt relief. In reality, it’s a formula, and roughly 90% of people who file for bankruptcy qualify for Chapter 7…

The chapter that’s “right” for you depends on your income, what you own, what you owe, and what you’re trying to protect — most often, a house or a car you’re behind on.

What every Colorado resident should do before walking into a bankruptcy courthouse — from a former U.S. Bankruptcy Trustee.

If you are falling behind on bills, receiving collection calls, or worried about losing your home or vehicle, you are not alone. Many people wait too long before speaking with a bankruptcy attorney because they believe things will somehow improve on their own. Unfortunately, delaying action can limit your options and increase financial stress. Here…

Financial stress rarely appears all at once. It builds over time—missed payments, rising balances, collection calls—until it becomes overwhelming. If you’re starting to wonder whether bankruptcy could help, you’re not alone. At LONG & LONG P.C., we help individuals and families in the Denver metro area, the Front Range, and throughout Colorado understand their options…

The good news? In 2026, Colorado’s updated exemptions make it possible for most people to keep their house