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Bankruptcy.Blog

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Miami Lawyers

  • Official Form 108: Understanding the Statement of Intention

    Prof. Hernandez explains Official Form 108. Learn the difference between surrendering, reaffirming, & redeeming assets in a Chapter 7 filing.

  • The 910-Day Rule: Explaining The Cramdown on Car Loans

    Can you reduce your car loan balance in Chapter 13? Learn how the 910-Day Rule and “hanging paragraph” affect your vehicle cramdown. Prof. Hernandez explains how to save on interest, the PMSI loophole, and why lenders prefer payments over repossession.

  • Cramdown vs. Lien Stripping: What’s the Difference in Chapter 13 Bankruptcy?

    Learn the key differences between a Chapter 13 cramdown and lien stripping. Find out how to reduce car payments or eliminate second mortgages in bankruptcy.

  • How to Reduce Your Car Loan Balance Using a Bankruptcy Cramdown

    Is your car loan underwater? Discover how the Chapter 13 cramdown process can “shave” your debt down to the vehicle’s actual value and lower your interest rate. — Prof. Hernandez

  • Robbing Your Future: The Hidden Risks of Using a 401(k) to Buy a House

    Should you use your retirement plan to buy a house in 2026? Prof. Hernandez breaks down the math behind the Home Savings Act and shares a personal lesson from the Great Recession on why your 401(k) is safer than home equity.

  • Record 401(k) Hardship Withdrawals are a Leading Economic Indicator for 2026

    Prof. Hernandez analyzes the record 6% surge in 401(k) hardship withdrawals reported by Fox Business. Discover why this “last resort” move is a leading indicator for the 2026 bankruptcy filing lag.

  • Discharging Your IRS Tax Debt With Bankruptcy: The 3-2-240 Rule for 2026

    Prof. Hernandez explains how to discharge tax debt in 2026 using the 3-2-240 rule. Learn how to navigate IRS priority claims and tax refunds on Bankruptcy.blog

  • Why Chapter 13 is the Ultimate IRS Tax Debt “Restructuring” Tool

    Stop the interest bleed in 2026. Prof. Hernandez explains how Chapter 13 bankruptcy freezes IRS penalties, utilizes the Till Rate for secured liens, and restructures tax debt more effectively than a standard installment agreement. Learn how to pay back priority tax at 0% interest and secure your fresh start.

  • Prof. Hernandez: Using Tax Installment Agreements to Qualify for Chapter 7

    Can’t pass the Means Test? Prof. Hernandez explains how IRS tax payments can legally reduce disposable income on Schedule J to help you qualify for Chapter 7.

  • Impact of a President Trump Economy on Your Finances

    Prof. Hernandez analyzes the March 2026 financial “perfect storm”: 34.5% lumber tariffs, the Iran war fuel spike, and the “At-Will” employment trap. Learn why foreclosures are rising and how the DEI rollback creates new household debt.

  • The 2026 Financial Squeeze: Navigating the Trump Economy

    In March 2026, the “Trump Tax” is a reality. Prof. Hernandez analyzes the 10% Section 122 tariffs, the Supreme Court’s IEEPA ruling, and how the “Snowball Effect” of labor shifts and municipal budget gaps is shrinking your household purchasing power.

  • Prof. Hernandez: A Guide to California Bankruptcy Exemptions (2026 Update)

    Protect your assets with expert insights from Prof. Hernandez, author of Consumer Bankruptcy Law. Compare California 703 vs. 704 exemption limits for 2026.

  • Facing Ghost Jobs, AI Resume Gatekeepers, and Job Hugging

    Is the job market a fraud? Prof. Hernandez analyzes the massive 2026 job report revisions, the 20% ghost job epidemic, and how AI resume bots have broken the system. Learn why job-hugging is the new survival strategy in this failing economy.

  • Liberal Preppers: Preparing for Financial Uncertainty

    Prof. Hernandez analyzes the rise of “liberal preppers” and the 2026 chaos economy. Learn how to navigate Trump tariffs, 76% bankruptcy surges, and debt hardening.

  • 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.

  • 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.

  • 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.

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

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

  • 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.