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Tuesday, December 16, 2025

Latest:

Foreclosure Rise Continues: Chapter 13 Bankruptcy Saves Homes
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

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Notice of foreclosure legal document with a house key, illustrating how the foreclosure-rise requires Chapter 13 bankruptcy to save the home. Bankruptcy.blog.

Insights & Analysis

Foreclosure Rise Continues: Chapter 13 Bankruptcy Saves Homes

Alexander Hernandez 7 min read

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

Insights & AnalysisView All

A dark, ominous red cityscape representing the perfect financial storm. Text overlay reads "FINANCIAL CRISIS." The image illustrates the blog post's analysis of record debt, AI job threats, and policy tariffs, linking to Bankruptcy.blog.

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.

Financial graph overlaid with a red filter and the American flag, showing a large red downward arrow, symbolizing the economic crisis, the debt-bankruptcy-lag-surge-filings, and the warning from Bankruptcy.blog

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

FCRA (Fair Credit Reporting Act) legal book standing next to a gavel and stacked law books, symbolizing expertise in credit repair and consumer bankruptcy law. Branding for Bankruptcy.blog is visible at the bottom.

Insights & Analysis

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

Alexander Hernandez 7 min read

Image showing a business person pushing a credit score dial from bad to good, illustrating the effort required to fix credit. The image relates to consumer warnings against credit repair organizations as seen on Bankruptcy.blog

Insights & Analysis

Credit Repair Organizations: Why I Call the Industry a Fraud

Alexander Hernandez 6 min read

BankruptcyView All

A hand holding multiple credit cards fanned out, with various colors and bank names visible, against a wooden background. The text ‘Bankruptcy.Blog’ is visible in the corner, suggesting a theme of filing for bankruptcy and trustee related issues.

Avoiding Credit Card Use Before Bankruptcy

Alexander Hernandez 8 min read

Debtors should avoid using credit cards 90 days before bankruptcy to prevent trustee objections.

Sign with ‘STOP FORECLOSURE’ text next to an hourglass. The text ‘You Have Time!’ is displayed above, and ‘Bankruptcy.Blog’ is cited at the bottom emphasizing potential issues with the automatic stay and chapter 7 or13 bankruptcy.

Bankruptcy and Foreclosure: A Step-by-Step Guide

Alexander Hernandez 2 min read

The flag of Guam waving in a tropical setting, representing information on Guam bankruptcy trustees, Guam bankruptcy exemptions, and the District Court of Guam. The url Bankruptcy.blog is visible.

Understanding Bankruptcy Exemptions in Guam

Alexander Hernandez 6 min read

An open sign hanging on a weathered wood wall, welcoming visitors to a bankruptcy attorney office. The sign is from Bankruptcy.Blog.

Understanding Bankruptcy: Launching the Podcast Journey

Alexander Hernandez 3 min read

A gavel rests on a bankruptcy petition form, including the check-box for Chapter 13 bankruptcy, symbolizing the judicial complexity of filing bankruptcy without a lawyer.

The 2% Gamble: Why Chapter 13 Bankruptcy is Not a DIY Project

Alexander Hernandez 7 min read

Debts & Dollars

Cartoon character holding a ‘DON’T FORGET!’ sign with a thumbs-up, smiling, and text ‘Bankruptcy.Blog’ below, emphasizing issues with not adding debtor or creditors to the petition.

Bankruptcy Tips: Handling Omitted Creditors

A close-up of four credit cards in different colors (red, yellow, white, and blue) stacked on top of each other on a dark surface. The text 'Bankruptcy.blog' is visible in the bottom left corner.

Insights & Analysis

Biden Caps Credit Card Late Fees to $8: Impact on Consumers

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

A bankruptcy form titled 'Initial Statement About an Eviction Judgment Against You,' used in cases where a landlord has obtained a judgment for possession of a rental residence. The document outlines rights and obligations related to bankruptcy and evictions during bankruptcy proceedings.

Understanding Evictions During Bankruptcy

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

President Biden Announces Last Batch of Student Loan Forgiveness

Latest Posts

Foreclosure Rise Continues: Chapter 13 Bankruptcy Saves Homes
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

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