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Monday, December 15, 2025

Latest:

The Tariff Tax: The “Largest U.S. Tax Hike” in 30 Years as Bankruptcies Surge
The Chapter 13 Bankruptcy Hardship Discharge
The Tariff Hoax: The Farmer Bailouts to Avoid Bankruptcy
The Post-Bankruptcy Credit Surge: Rebuild Your Credit
The Rule 2004 Examination: The Broadest Discovery Tool in Bankruptcy

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Cartoon illustration of the boiling frog analogy: one frog is comfortable in cold water, the other is panicking in hot water. (bankruptcy.blog)

Insights & Analysis

The Tariff Tax: The “Largest U.S. Tax Hike” in 30 Years as Bankruptcies Surge

Alexander Hernandez 5 min read

Chapter 13 Bankruptcy petition form with a pen, covering hardship discharge requirements and rules. Bankruptcy.blog

The Chapter 13 Bankruptcy Hardship Discharge

Alexander Hernandez 5 min read

Red tractor planting crops under dramatic light, illustrating the Chapter 12 bankruptcy crisis caused by failed tariff policies and farmer bailouts. bankruptcy.blog

Insights & Analysis

The Tariff Hoax: The Farmer Bailouts to Avoid Bankruptcy

Alexander Hernandez 3 min read

Credit report showing an "Excellent" score of 765, glasses, and a keyboard. Overlay text includes the keywords "rebuild your credit" and the website "Bankruptcy.blog".

Insights & Analysis

The Post-Bankruptcy Credit Surge: Rebuild Your Credit

Alexander Hernandez 4 min read

Cover photo for the Bankruptcy.blog post showing a gavel on a book labeled "BANKRUPTCY LAW," symbolizing the Rule 2004 Examination and discovery in federal bankruptcy court.

The Rule 2004 Examination: The Broadest Discovery Tool in Bankruptcy

Alexander Hernandez 5 min read

Cover photo for Bankruptcy.blog post showing a close-up of the official Schedule J form to minimize disposable income and avoid Chapter 7 dismissal.

Spotting the Critical Issues in Bankruptcy Schedule J (Expenses)

Alexander Hernandez 9 min read

Close-up of a legal document titled "LAWSUIT" and "Summons" with two pens resting on it, next to an open law book. The image illustrates the need to respond to a creditor lawsuit before you file bankruptcy. Image includes a watermark for Bankruptcy.blog

Navigating a Creditor Lawsuit: The Strategic Use of Filing an Answer Before Bankruptcy

Alexander Hernandez 5 min read

Gavel, pen, and calculator resting on a Voluntary Petition for Individuals Filing for Bankruptcy, illustrating the Chapter 13 bankruptcy to Chapter 7 bankruptcy conversion strategy to save-home. Image by Bankruptcy.blog.

Advanced Bankruptcy Strategy: Using Chapter 13 to Save Your Home, Then Converting to Chapter 7

Alexander Hernandez 4 min read

Gavel and scales of justice, representing bankruptcy court procedure and the Suggestion of Bankruptcy. [bankruptcy.blog]

Stop Creditor Action: The Critical Step After Filing Bankruptcy with the Automatic Stay

Alexander Hernandez 4 min read

Close-up of a 'PETITION FOR BANKRUPTCY' form with a pen resting on it, next to a column of numbers. White text on a blue background reads 'Filing the Proof of Claim' and 'Bankruptcy.blog'.

How to File a Proof of Claim in Any Consumer Bankruptcy Case

Alexander Hernandez 9 min read

A person holding a credit card over a laptop screen displaying a "Black Friday Limited Time Offer" with "Start Shopping" button, symbolizing the temptation and risks of Black Friday purchases that could lead to bankruptcy fraud. Source: bankruptcy.blog.

Black Friday & Bankruptcy: The Dangers of Using Credit Cards Before Filing

Alexander Hernandez 5 min read

Approved car loan application and car key with a keyfob. A debtor in Chapter 13 bankruptcy must still get court approval before signing. (bankruptcy.blog)

Buying a Car While in Chapter 13: The Critical Steps Every Debtor Must Know

Alexander Hernandez 5 min read

A close-up image of a Chapter 13 Bankruptcy court form lying on a wooden desk next to a judge's gavel. The bold text "CHAPTER 13 BANKRUPTCY" is prominently featured on the document, symbolizing the start of a Chapter 13 payment plan. The bottom of the image includes the watermark: Bankruptcy.blog.

The Surprise Chapter 13 Bankruptcy Debtors Rarely See Coming: The Plan Payment is Not Permanent

Alexander Hernandez 4 min read

A pen rests on a bankruptcy petition form titled "BANKRUPTCY PETITION FOR" with a financial spreadsheet showing income and expenses in the background. The image relates to Schedule I (Income) and Schedule J (expenses) guidance on bankruptcy.blog.

Schedule I (Income) of the Bankruptcy Petition: Avoid Pitfalls That Force Chapter 13 or Dismissal

Alexander Hernandez 6 min read

Insights & AnalysisView All

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Insights & Analysis

The Perfect Financial Storm is Here

Alexander Hernandez 7 min read

Travel bans, AI job losses, and tariff policy are creating a ‘perfect storm.’ Learn how record household debt is driving U.S. foreclosures and bankruptcy filings among businesses and consumers.

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Insights & Analysis

Why Record Debt $18.59T Guarantees a Bankruptcy Surge in 2026

Alexander Hernandez 4 min read

Interior of an American Signature Furniture showroom, illustrating the business continuing operations despite the bankruptcy filing and pending customer orders as seen on bankruptcy.blog.

Insights & Analysis

American Signature Files for Bankruptcy, Your Order, and My Furniture Industry Forecast

Alexander Hernandez 6 min read

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Insights & Analysis

Free FCRA Sample Letters: Dispute Credit Report Errors Yourself (Attorney Approved)

Alexander Hernandez 7 min read

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Insights & Analysis

Credit Repair Organizations: Why I Call the Industry a Fraud

Alexander Hernandez 6 min read

BankruptcyView All

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Protecting Yourself When Sued: Bankruptcy Strategies

Alexander Hernandez 3 min read

If sued by a creditor, respond promptly; bankruptcy filing alone isn’t sufficient protection. Here’s what steps to consider taking.

A person behind bars symbolizing non-dischargeable debts related to bankruptcy and criminal fraud. The URL ‘Bankruptcy.blog’ is visible at the bottom.

Understanding Non-Dischargeable Debts in Bankruptcy

Alexander Hernandez 2 min read

Illustration of ‘Chapter 7 Bankruptcy’ process depicted by wooden blocks labeled ‘STEP BY STEP’ leading up to success symbolized by a bullseye target, representing strategic planning with a ‘Bankruptcy Attorney’ and careful preparation for ‘341 Meeting of Creditors’ overseen by a ‘Trustee.

Chapter 7 Bankruptcy in 4 Months? You Got This!

Alexander Hernandez 6 min read

Promotional graphic for a podcast episode on Bankruptcy.Blog featuring Prof. Alex, titled ‘Hiring a Bankruptcy Lawyer.’ The image includes a central illustration of a microphone with headphones set against a textured beige background. Above and below the microphone are black sound wave graphics, and at the top is the website name in bold letters.

Essential Tips for Hiring a Bankruptcy Lawyer

Alexander Hernandez 13 min read

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Avoid Bank Account Freezes: Legal Tips You Need

Alexander Hernandez 6 min read

Debts & Dollars

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Welcome to Bankruptcy.Blog!

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Insights & Analysis

At Home Goods Store Files for Bankruptcy

'GOING OUT OF BUSINESS' sign in red letters. The image is likely a sign of economic downturn or business closure resulting in chapter 11 bankruptcy and chapter 13 bankruptcy. Bankruptcy.blog written across the bottom.

Insights & Analysis

The 99 Cents Only Files for Bankruptcy

Today's blog focuses on student loans and how things will likely change under President Trump. We can forget about student loan forgiveness. The SAVE plan (Saving on a Valuable Education), which reduces some payments to $0.00, can be kissed goodbye. I've written blog posts on the Republican states that opposed the SAVE plan and how insane I thought that was because it affects their constituents. You can read that article below. LINK If the federal government wants to cut a check to wipe out student loans, that puts an extra $100,000 in my pocket, which I can spend in my state, that is a benefit to the state. But instead of this being a financial argument, it’s become a political issue. But I’m already seeing a shift where it will likely get worse before it gets better. Now, I have to call out what has just happened. Republican Virginia Fox from North Carolina just filed the College Cost Reduction Act. The goal is to increase the amount you pay in student loans. One administration is trying to reduce it, and another is trying to increase it. It doesn't make sense, but it is what it is. The problem is, if the cost of tuition doesn't go down, none of this works. The theory is that if universities pick up the costs of student loans that are not collected, somehow, that will drive education costs down. No, it won’t! To make up for the losses, what will universities do? Increase tuition! They also want to cap how much you can borrow at $50,000 for undergraduates and $100,000 for graduates. This creates a problem because you can't go to law school, medical school, or dental school for less than $100,000. The average cost for dental school is over $300,000. While, in theory, they're trying to pass the buck to the colleges by making them responsible if these loans are uncollected to drive the cost down, it's going to be hard, if not impossible. What has gone down in price? Is it cheaper to buy a car now than it was 10 years ago? What about a home? No. What about college? We know the answer to that one, too. So, the problem is that Republicans are already making moves to increase the amount that has to be paid back in student loans. My suggestion to you, and I’ll post that video link below, is if Trump's tariff comes in at 25%, you'll pay 25% more. President Trump is saying that others will pay for it, similar to how he claimed Mexico would pay for the wall. But we've seen this before. In 2016, tariffs on Mexico and China affected us because the government had to issue a large $15 billion aid package to farmers who were going bankrupt. Part of debt management means being prepared for everything as best as possible. If student loans might increase next year and there's a new tax and higher expenses because of the Trump tariff, you'll be hit from both sides. Think carefully about any debt you're about to take on with the next administration if your expenses are likely to increase because of student loans and the Trump tariff. The Trump tariff has been estimated to cost around $3,500 to $4,000 out of pocket per year, which is about $300 a month. If student loans add another $300 a month, that's $600. Where is that $600 a month coming from? If you make $600 more at work, that's great. If not, you'll have to figure out how to cut $600 from your budget to break even, which means you will likely end up in more debt. So keep that in mind for any big purchases moving forward. If you have any questions, whether you agree or disagree with me, post them in the comments section of the accompanying YouTube video. I'll be more than happy to comment. Feel free to like and subscribe. Take care, everyone. Contact Information for Rep. Virginia Foxx: Washington, DC Office 2462 Rayburn House Office Building Washington, DC 20515 Phone: (202) 225-2071 Fax: (202) 225-2995 Hours: Monday - Friday, 9am - 5 pm Boone District Office 400 Shadowline Dr, Suite 205 Boone, NC 28607 Phone: (828) 265-0240 Fax: (336) 778-2290 Hours: Monday - Friday, 9am - 5 pm Clemmons District Office 3540 Clemmons Rd, Suite 125 Clemmons, NC 27012 Phone: (336) 778-0211 Fax: (336) 778-2290 Hours: Monday - Friday, 9am - 5 pm Her Twitter account handle is @virginiafoxx. A group of people are holding protest signs addressing various economic issues, such as 'Tackle the cost of living crisis,' 'Stop inflation,' and 'People before profit.' This image is relevant to discussions about economic policies, including the Trump tariffs and student loan forgiveness. The website ‘bankruptcy.blog’ is written across the bottom.

Insights & Analysis

What to Expect with the Trump Tariffs and Student Loans Forgiveness

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Insights & Analysis

Rudy Giuliani Found in Contempt of Court

Latest Posts

The Tariff Tax: The “Largest U.S. Tax Hike” in 30 Years as Bankruptcies Surge
The Chapter 13 Bankruptcy Hardship Discharge
The Tariff Hoax: The Farmer Bailouts to Avoid Bankruptcy
The Post-Bankruptcy Credit Surge: Rebuild Your Credit
The Rule 2004 Examination: The Broadest Discovery Tool in Bankruptcy
Spotting the Critical Issues in Bankruptcy Schedule J (Expenses)
The Perfect Financial Storm is Here
Navigating a Creditor Lawsuit: The Strategic Use of Filing an Answer Before Bankruptcy
Advanced Bankruptcy Strategy: Using Chapter 13 to Save Your Home, Then Converting to Chapter 7
Stop Creditor Action: The Critical Step After Filing Bankruptcy with the Automatic Stay

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