Alexander Hernandez, Author at Bankruptcy.Blog

Bankruptcy

Alexander Hernandez 3 min read

Podcast: The LLC Myth in Chapter 7 Business Bankruptcy

LLCs provide limited liability, but owners can still be personally liable for business debts.

A gavel rests on a sound block, symbolizing legal authority, with the text 'CHILD SUPPORT' displayed above it. In the blurred background are a scale of justice and an open book. This image illustrates legal topics such as bankruptcy, child support, alimony, and domestic support obligations. The url ‘Bankruptcy.blog’ is visible.

Bankruptcy

Alexander Hernandez 2 min read

Understanding Domestic Support Obligations in Bankruptcy

The video explains domestic support obligations in bankruptcy, emphasizing their priority status and treatment.

Two hands tearing a paper labeled ‘DIVORCE’ with cutouts of a house and a couple, symbolizing the impact of divorce on mortgage, quit claim deeds, and bankruptcy

Insights & Analysis

Alexander Hernandez 8 min read

Divorced! You Are Still Liable for the Mortgage

After divorce, signing over the house via a quit claim deed does not remove mortgage liability. This affects credit, loan eligibility, and could lead to foreclosure. The original mortgage contract remains, impacting credit for up to 30 years. Protect yourself by seeking property sale or complete home refinance, and ensuring proof of mortgage pre-approval.

A piggy bank wearing a graduation cap indicating the issue of the SAVE plan for student loan borrowers. A calculator displays the word ‘DEBT’ in red, with ‘Bankruptcy.Blog’ text at the bottom

Insights & Analysis

Alexander Hernandez 3 min read

Student Loan Forgiveness For “Runaway Interest”

The Biden administration’s SAVE plan forgives up to $20,000 in runaway interest for student loan borrowers.

Bankruptcy

Alexander Hernandez 2 min read

Understanding Car Titles in Bankruptcy

Hailey’s potential bankruptcy filing may risk losing her boyfriend’s SUV due to exemptions.

Bankruptcy

Alexander Hernandez 3 min read

Are LLCs Bulletproof? Business Bankruptcy Explained!

An LLC offers limited liability but doesn’t guarantee protection from personal debts during bankruptcy.

A vibrant red lobster on a wooden platter with lemon wedges and parsley, symbolizing the financial challenges faced by businesses like Red Lobster. The image metaphorically represents Chapter 7 bankruptcy, Chapter 11 bankruptcy, and the 341 meeting of creditors.

Insights & Analysis

Alexander Hernandez 5 min read

Which Red Lobster Locations Are Closing? Here’s the List

Red Lobster is closing fifty locations amid bankruptcy rumors and recent equipment auctions.

A dilapidated Volkswagen Beetle with rust and damage, symbolizing financial distress, parked in front of a building, representing the concept of a ‘341 meeting of creditors’ overseen by a bankruptcy trustee in the process of chapter 7 bankruptcy. Text “bankruptcy.blog” written across the bottom.

Bankruptcy

Alexander Hernandez 5 min read

Great! The Bankruptcy Trustee Abandoned Your Car

Filing for bankruptcy involves a 341 meeting of creditors, trustee’s questions, and protecting your vehicle.

Bankruptcy

Alexander Hernandez 6 min read

Chapter 7 Bankruptcy in 4 Months? You Got This!

Chapter 7 bankruptcy takes about four months, with key steps including filing, creditor meeting, and discharge.

A person, represented by a miniature figure, is bent over under the weight of a sack labeled "DEBT." The sack is almost as large as the person, symbolizing the overwhelming burden of debt. In the background, several credit cards are visible, suggesting that these might be contributing to the debt load. The image is relevant to discussions about the Fair Debt Collection Practices Act (FDCPA) and the challenges faced by individuals dealing with debt collectors because of overwhelming credit card debt. The url ‘Bankruptcy.blog’ is visible.

Insights & Analysis

Alexander Hernandez 7 min read

Credit Card Debt Continues to Rise

Rising credit card debt increases defaults; know your rights under the Fair Debt Collection Practices Act.