Bankruptcy Blog

07/09/2026

It's not just "one issue" that is squeezing households; it's several. But here's one issue I believe that is going unnoticed, and that is the Treasury Department taking over student loan collections.

They are aggressive and can bypass the normal collection procedures. With 12 million borrowers already in delinquency or default status, when they start garnishing wages, the effects will be felt throughout household budgets.

Student loans have been transferred to the Treasury Department. Prof. Hernandez explains this affects federal debt recovery.

07/09/2026

You've heard of the Bible Belt, Rust Belt, and Sunbelt. Now we have the "bankruptcy belt," which is the southeastern states with the highest per-capita personal bankruptcy filings which is Alabama, Mississippi, Tennessee, and Georgia.

07/09/2026

Small businesses bankruptcy filings are up 50%.

More tariffs isn't the answer.

07/09/2026

In general, people are ignoring the effects of climate change on the economy.

Its Chapter 11 case shows how fast climate change can hit Main Street.

07/09/2026

The CFPB at the federal level is being weakened, if not dismantled. The key is to know what state-level protections you have and how to protect yourself from debt collectors.

This updated article provides multiple resources for dealing with debt collectors!

07/09/2026

Remember 36-month car loans?

84‑month auto loans lead to long‑term negative equity & repossession risk. Bankruptcy can reduce car loans and wipes out deficiency balances.

07/09/2026

I couldn't disagree more. As long as you are not defamatory, they can say whatever they wish. The "clauses" regarding disparagement means having to prove it's not an opinion, which it is, and they are allowed to give their opinions.

As the old saying goes- "the truth is always a defense."

Venting about your HOA on social media can seem harmless, but experts warn that false statements of fact can open you up to a defamation lawsuit, and posts can also trigger fines and liens that stall or destroy a home sale.

07/09/2026

Bankruptcy filings have increased almost 50% over the last 3 years and have risen across 49 states.

Today's article focuses on the issue of how bankruptcy affects debtors and co-debtors.

Full article below in the comments. 👇

07/09/2026

Bankruptcy filings have increased nationwide. Today's article will reference what is known as the "Bankruptcy Belt" of Alabama, Georgia, Mississippi, and Tennessee.

Homeowners in the Bankruptcy Belt face rising home equity, low homestead exemptions, and unaffordable Chapter 13 plans.

07/09/2026

Working on today's article. Here's something to think about: