Articles Posted in 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.

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 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, our experienced bankruptcy…

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.

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