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Are you drowning in credit card bills, medical debt, or unsecured loans? You’re not alone. As of the second quarter of 2025, the average U.S. household carries over $152,000 in total debt, with total household debt hitting a staggering $18.39 trillion. And with bankruptcy filings surging 13.1% year-over-year through March 2025, more Americans are searching…

If you’re drowning in debt, constantly dodging creditor calls, or wondering how to pay your bills, you might be asking yourself, should I file for bankruptcy? This is a common question, especially as bankruptcy filings have risen 11.5% over the previous year, with non-business filings up 11.8% as of June 2025. Bankruptcy Filings Rise 11.5 Percent…

Understanding Colorado Bankruptcy Exemptions If you’re considering filing for bankruptcy in Colorado, understanding state-specific exemptions is crucial. These exemptions determine what property you can keep during Chapter 7 or Chapter 13 bankruptcy. Colorado opts out of federal exemptions, meaning residents must use the state’s generous protections for homes, vehicles, retirement accounts, and more. Attorney Martin…

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, 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 relief…

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.