Articles Posted in Chapter 13 Bankruptcy

“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.

Are you struggling with overwhelming debt in Denver, Colorado? Searching for a “Denver bankruptcy attorney near me” can be the first step toward regaining control of your financial future. Bankruptcy offers a legal path to relieve the burden of unmanageable debts, stop creditor harassment, and protect your assets. At Long & Long, P.C., our experienced…

To successfully complete your Chapter 13 plan and obtain your discharge, all Plan payments to the bankruptcy trustee must be timely paid in full, and secured creditors in the Plan (e.g., mortgage or car loan lenders) must be paid on time.

If you’re overwhelmed by debt and wondering, “How does bankruptcy work?” you’re not alone. Bankruptcy can be a powerful tool to help you regain control of your finances, but the process can seem complex. At LONG & LONG P.C., our experienced bankruptcy attorneys are here to simplify it for you. In this guide, we’ll walk you through…

Receiving a tax refund can feel like a financial lifeline, especially if you’re considering bankruptcy. However, if you’re planning to file for bankruptcy, you may wonder: What can I safely spend my tax refund on without jeopardizing my case? The answer depends on bankruptcy laws, the type of bankruptcy you’re filing (Chapter 7 or Chapter…

When facing both a divorce and financial hardship, one of the most pressing questions is timing: Should you file bankruptcy before or after your divorce? The answer depends on your unique financial situation, the type of bankruptcy you’re considering, and how your divorce proceedings might impact your debts and assets. In this article, we’ll break…

Bankruptcy is one invaluable tool for the small business owner to help lower high costs by ending contracts without any threat of legal damages, or, at the very least a specific formula to determine with certainty what those costs will be. At the same time the small business owner may also re-negotiate with existing creditors to help lower their overhead costs.

The first thing you must do when a debt collector calls is to inquire if indeed they are the creditor themselves–such as the actual doctor’s office or hospital business office itself.

The Impact of Bankruptcy on Your Credit Score Bankruptcy is a significant financial event that can affect your credit score. It is essential to understand how bankruptcy affects your credit score, as this score plays a crucial role in your ability to secure loans, obtain favorable interest rates, and even rent an apartment or get…

It is not unusual that the spouse of a financially distressed person is unaware of the financial difficulty of the other spouse. Reasons may include one spouse controls the finances, one spouse runs a small business, or the couple keep their financial affairs separate. So, the question often arises how to talk to your spouse…