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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

By Martin E. Long, Experienced Bankruptcy Attorney and Former Trustee for the US Bankruptcy Court  at LONG & LONG P.C. | February 25, 2026 If you’re drowning in debt and wondering if you’re the only one, the latest official numbers prove you’re not. On February 4, 2026, the Administrative Office of the U.S. Courts announced…

One of the most common questions I hear as a bankruptcy attorney is: “Can I keep my credit cards if I file bankruptcy?” The short answer is: It’s possible in rare cases, but in most situations, no—your credit card accounts will likely be closed by the issuers once they learn of your bankruptcy filing. This…

            In most cases, medical bills do qualify for bankruptcy discharge. Every few years a study or survey comes out that reinforces what I have experienced–medical bills are one of the most common reasons for bankruptcy. For example, an article in the August, 2009 edition of the New England Journal of Medicine found that “medical…

If you’re facing the threat of losing your home to foreclosure, having your car repossessed, your bank account frozen, or seeing your paycheck reduced by wage garnishment, you’re likely feeling overwhelmed. The good news is that filing for bankruptcy can often stop these actions immediately through a powerful legal protection called the automatic stay. For…

If you’ve previously filed for bankruptcy and are facing financial challenges again, you may wonder: how long do you have to wait to file bankruptcy a second time? Many Denver and Colorado residents are surprised to learn that there is no lifetime limit on filing bankruptcy — but there are strict waiting periods (also called…

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…