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Monday, January 12, 2026

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Navigating a Creditor Lawsuit: The Prove Debt Ownership Defense
Cure Mortgage Arrears: How to Force a Lender to Accept Your Payments
Saks Fifth Avenue: Why the $100M Missed Payment Signals Bankruptcy
Suing the Government is Your Best Move Against Student Loan Garnishments
Mom and Pop Small Businesses Reach Record High in Bankruptcy Filings

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Defensive roadmap guide on a chessboard with a magnifying glass, illustrating how to challenge debt ownership and navigate collection lawsuits for Bankruptcy.blog.

Insights & Analysis

Navigating a Creditor Lawsuit: The Prove Debt Ownership Defense

Alexander Hernandez 7 min read

Cure mortgage arrears concept: A model house on a calendar next to an 'Urgent Past Due' notice. Bankruptcy.blog

Cure Mortgage Arrears: How to Force a Lender to Accept Your Payments

Alexander Hernandez 6 min read

Empty luxury shopping mall interior representing the 2026 retail structural reset and Saks Fifth Avenue missed payment bankruptcy analysis on Bankruptcy.blog

Insights & Analysis

Saks Fifth Avenue: Why the $100M Missed Payment Signals Bankruptcy

Alexander Hernandez 5 min read

A graduation cap labeled Debt with a red Cancelled stamp, representing how to stop student loan garnishment through an adversary proceeding and government settlement as seen on Bankruptcy.blog.

Bankruptcy Insights & Analysis

Suing the Government is Your Best Move Against Student Loan Garnishments

Alexander Hernandez 5 min read

Closed storefront with a 'Going Out of Business' sign, illustrating the record surge in 2025 small business bankruptcy filings under the Trump administration's tariff policies. Analysis by Bankruptcy.blog.

Insights & Analysis

Mom and Pop Small Businesses Reach Record High in Bankruptcy Filings

Alexander Hernandez 5 min read

Close-up of a bankruptcy petition and a pen, illustrating the process of filing local bankruptcy forms and legal documents like a motion for relief, with the bankruptcy.blog watermark at the top.

The Motion for Relief from Stay: Check Your Local Bankruptcy Forms First

Alexander Hernandez 2 min read

The Motion for Relief from Stay Versus The Automatic Stay

Alexander Hernandez 5 min read

Legal documents and gavel representing the filing process and the role of a bankruptcy petition preparer, featured on bankruptcy.blog.

Bankruptcy Petition Preparers: A Compliance Checklist Under 11 U.S.C. §110

Alexander Hernandez 4 min read

Legal documents and gavel representing the filing process and the role of a bankruptcy petition preparer, featured on bankruptcy.blog.

The Hidden Risks of Bankruptcy Petition Preparers: Why “Cheap” Can Be Costly

Alexander Hernandez 4 min read

Official Form 107 Statement of Financial Affairs for Individuals Filing for Bankruptcy header, a key part of the petition guide on Bankruptcy.blog.

The Statement of Financial Affairs (SOFA) on the Bankruptcy Petition

Alexander Hernandez 16 min read

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The Chapter 13 Bankruptcy Hardship Discharge

Alexander Hernandez 5 min read

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The Rule 2004 Examination: The Broadest Discovery Tool in Bankruptcy

Alexander Hernandez 5 min read

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Spotting the Critical Issues in Bankruptcy Schedule J (Expenses)

Alexander Hernandez 9 min read

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

Alexander Hernandez 5 min read

Insights & AnalysisView All

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

The ATTOM report shows rising foreclosures. See the critical difference: Chapter 7 buys time; only Chapter 13 saves your home by curing the debt.

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

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Insights & Analysis

The Tariff Hoax: The Farmer Bailouts to Avoid Bankruptcy

Alexander Hernandez 3 min read

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Insights & Analysis

The Post-Bankruptcy Credit Surge: Rebuild Your Credit

Alexander Hernandez 4 min read

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Insights & Analysis

The Perfect Financial Storm is Here

Alexander Hernandez 7 min read

BankruptcyView All

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Understanding Bankruptcy Costs: Fees vs. Expenses

Alexander Hernandez 3 min read

Bankruptcy filing fees vary by chapter, with additional costs for attorney services and courses.

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Chapter 7 Mistakes That Can Force Your Case into Chapter 13

Alexander Hernandez 6 min read

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Filing a Bare-Bones Bankruptcy Petition Quickly

Alexander Hernandez 6 min read

Podcast discussing reaffirmation agreements, Chapter 7 bankruptcy, negative equity, and the role of a bankruptcy trustee in keeping your car when you file for bankruptcy.

Reaffirmation Agreements: Keeping Your Car Post-Bankruptcy

Alexander Hernandez 8 min read

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YouTube- Understanding Bankruptcy Attorney Fees and Payment Plans

Alexander Hernandez 2 min read

Debts & Dollars

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Insights & Analysis

Stopping Foreclosure!

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Understanding Second Amendment Rights and Bankruptcy Law

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What to Expect at the 341 Meeting of Creditors

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Insights & Analysis

PCH, Damon Dash, & Florida Foreclosures: Weathering the Next Financial Storm

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

Latest Posts

Navigating a Creditor Lawsuit: The Prove Debt Ownership Defense
Cure Mortgage Arrears: How to Force a Lender to Accept Your Payments
Saks Fifth Avenue: Why the $100M Missed Payment Signals Bankruptcy
Suing the Government is Your Best Move Against Student Loan Garnishments
Mom and Pop Small Businesses Reach Record High in Bankruptcy Filings
The Motion for Relief from Stay: Check Your Local Bankruptcy Forms First
The Motion for Relief from Stay Versus The Automatic Stay
Bankruptcy Petition Preparers: A Compliance Checklist Under 11 U.S.C. §110
The Hidden Risks of Bankruptcy Petition Preparers: Why “Cheap” Can Be Costly
The Statement of Financial Affairs (SOFA) on the Bankruptcy Petition

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