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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…

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…