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Are you overwhelmed by mounting debt and searching for effective debt relief options? Bankruptcy may be the solution you need to regain control of your finances. At LONG & LONG P.C., our experienced bankruptcy attorneys in the Denver, Colorado area are here to guide you through the process. In this article, we’ll explore how bankruptcy works as a debt…

If you’re considering bankruptcy, you might be tempted to transfer assets—like money, property, or valuables—to friends, family, or another account to “protect” them from creditors. However, transferring assets before filing bankruptcy can have serious legal consequences, potentially jeopardizing your case or even leading to criminal charges. As experienced bankruptcy attorneys, we’ve seen how these missteps…

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…

Here is what happens to your property during and after bankruptcy.

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 Means Test Requirement for Chapter 7 Bankruptcy This  Chapter 7 Bankruptcy page sheds light on the intricacies of bankruptcy laws and proceedings, specifically focusing on the parameters of Chapter 7. Central to understanding this kind of bankruptcy is discussing the ‘means test,’ which is a determining factor for qualifying for Chapter 7. This test…

Married couple filing jointly.

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…

One of the best bankruptcy protections afforded a debtor from his or her creditors is the automatic stay. In what ways does the automatic stay stop creditor actions and when does it not protect the debtor? Debtor Protection Under the Automatic Stay Once the bankruptcy case is filed an automatic stay under 11 U.S.C. §362…

Can you file a new bankruptcy if you filed a prior bankruptcy? The better question is, if you previously filed bankruptcy, how long do you have to wait to file a new bankruptcy in order to obtain a discharge of new debt? Usually, it is pointless to file bankruptcy if you are not going to…