Alexander Hernandez, Author at Bankruptcy.Blog

A wooden house cutout, a pen, and an alarm clock with a wooden sign that reads 'PAY OFF DEBT' are arranged on a light wooden surface, symbolizing a debt-free journey. The url “Bankruptcy.blog” is written across the bottom.

The Time Factor in Becoming Debt-Free: A Deep Dive with Prof. Hernandez

How long does bankruptcy take? Prof. Hernandez outlines the standard timelines for Chapter 7 and Chapter 13 to help you plan your path to becoming debt-free.

Depiction of prison bars with a dark background with the url "Bankruptcy.blog" visible, focusing on contempt of court for Rudy Giuliani as his mugshot for the arrest in Fulton County, Georgia is shown.

Insights & Analysis

Alexander Hernandez 3 min read

The Cost of Defiance: Giuliani, Contempt, and the “Average Debtor” Reality Check

Rudy Giuliani faces contempt of court for non-compliance in a defamation lawsuit worth $148 million.

Conceptual image depicting a debt free journey. Two sticky notes on a wooden surface illustrate the transition from an 'Old Mindset' leading to 'Old Results' to a 'New Mindset' leading to 'New Results.' A cup of coffee is placed next to the notes with the url 'bankruptcy.blog' visible at the bottom.

Insights & Analysis

Alexander Hernandez 3 min read

Trust Yourself: A New Perspective on Your Debt-Free Journey | Prof. Hernandez

Stop viewing debt as a moral failing. Prof. Hernandez explains why bankruptcy isn’t “sinister” and how trusting yourself is the key to financial recovery.

An AI generated conceptual image for Bankruptcy.blog illustrating the Illinois Smart Buy program; a house key resting on a diploma, symbolizing a fresh start for homebuyers by deleting student loan debt.

Insights & Analysis

Alexander Hernandez 6 min read

Illinois Smart Buy: Student Loan Relief for Homebuyers | Prof. Hernandez

Illinois’ Smart Buy Program helps eliminate student loan debt and assists with home purchases.

Illustration explaining California SB 1061 and how to get medical debt off your credit report in 2026. Provided by Bankruptcy.blog.

Insights & Analysis

Alexander Hernandez 5 min read

SB 1061 Update: Is Medical Debt Still on Your California Credit Report?

California’s SB1061 law removes medical debt from credit reports, addressing a significant financial issue.

Insights & Analysis

Alexander Hernandez 3 min read

The Truth Behind Tariffs: Why They Increase Your Debt

The Trump tariffs will raise consumer prices, requiring financial preparedness and critical evaluation of information.

Sign held up against a blue sky reads 'Student Loan Forgiveness.' The image also includes text 'Update on Student Loan Forgiveness' and 'Good News!' with a 'Watch Now' button, suggesting an update from the Biden administration on student loan forgiveness. The website Bankruptcy.blog is mentioned.

Insights & Analysis

Alexander Hernandez 2 min read

President Biden Announces Last Batch of Student Loan Forgiveness

President Biden announced $4.28 billion in student loan forgiveness for 55,000 public service workers.

Bankruptcy

Alexander Hernandez 6 min read

Filing Bankruptcy in Arkansas: Exemptions Explained

Arkansas bankruptcy exemptions protect property; residency requirements and exemption choices vary by circumstance.

Image showing announcements of store closures for Big Lots and Party City since both businesses have filed for bankruptcy. Big Lots advertises 'All Stores Closing' with up to 25% off the entire store. Party City advertises 'All Stores Closing' with everything on sale and up to 50% off. The image also includes a 'Latest News' sticky note and the text 'Bankruptcy.Blog

Insights & Analysis

Alexander Hernandez 4 min read

Party City and BIG Lots File for Bankruptcy and Will Close its Doors Permanently

Party City and BIG Lots are closing all stores, affecting over 12,000 employees and 1,600 locations.

In today’s blog post, I answer a question from a reader regarding what happens to their student loans if President-Elect Trump goes through with his promise of eliminating the Department of Education. AUDIO The U.S. Department of Education We first need to realize that shutting down the Department of Education won't be easy. An Executive Order isn’t going to cut it. To eliminate the Department of Education, Congressional approval is required, and with a very slim majority, that’s not likely to happen. But what about student loans? Student Loans and President Trump I believe the SAVE Plan won’t be saved under President Trump. Republicans will likely replace it with something else, such as another income-driven plan. We most likely can forget about zero monthly payments. It’s been no secret that Republicans have objected to student loan forgiveness, even filing endless lawsuits to prevent the Biden administration from doing so. These Republican-Led States Oppose Student Loan Forgiveness This is why I keep repeating that we should be concerned and prepared for the next four years under a Trump presidency because if the monthly payments on student loans increase, as well as our monthly expenses because of the Trump tariffs, then you will get hit hard financially. The Truth Behind Trump Tariffs and Debt Management If that’s the case, we either make more money or spend less. However, with an established budget already in place, we must be careful about our financial decisions moving forward. From a practical standpoint, if the Department of Education were to disappear, chaos would ensue. Besides having to reshuffle, transfer, or lay off thousands of employees, which would negatively impact the economy, there’s the snowball effect of what follows. But with all the chaos, student loans would not be eliminated. The debt gets transferred from one department to another, and the obligation continues. The remaining issue is how much will be paid under Trump’s administration. Thank you for the question, and I hope this helps. Feel free to post questions on the YouTube video, which you can access below. The Capitol Building with a split sky, symbolizing the debate around student loan forgiveness and the potential elimination of the U.S. Department of Education under a President Trump administration,

Insights & Analysis

Alexander Hernandez 3 min read

What Happens to Student Loans if the Department of Education Dept Is Eliminated?

If the Department of Education is eliminated, student loans will remain, with potential increased payments.