A/N: The first part is not that long it's just a prologue to what the story is about. The other chapters will be longer. Please read and review :)
"Blair, I'm glad you're back because I need to talk to you." Eleanor Waldorf told her daughter when she walked into their brownstone that night. Blair had just had a bad night. She and Serena were in a fight and she had just seen her boyfriend Nate with another girl, one that wasn't even that pretty on top of that. He could have at least had the decency to hook up with an attractive girl when they were in the middle of one of their breakups. It really burned her up, and her friends were no help. That ass kisser Jenny Humphrey tried to comfort her but who needed a pathetic freshman to feel sorry for them? "Mom, I'm not in the mood. I just want to go to bed if you don't mind." She said then handed for the steps.
"Blair please this is very important." Her mom said urgently. Blair was curious now. The last time her mom had something very important to tell her she and her dad were getting a divorce because her dad had fallen for a guy. Surely, nothing her mom had to tell her now could be that bad but it had to be pretty bad if her mom was acting this way.
"Let's go sit in the living room so we can talk." Her mom said holding her hand and leading her to the sofa. Her mom looked down for a minute and looked like she was about to cry. "What is it mom? Is something wrong?" Blair was getting really worried now. She had never seen her mom so upset before.
"Yes Blair there is. You see I had to file Chapter 11 on my company because I made some bad investments and lost all of my money."
"What are you saying, mom?" Blair cried. She had a good idea of what her mom was saying but she wanted to hear the words out loud to be sure.
"We don't have any money, Blair. We can stay here because the brownstone is paid for but I don't have the money for you to go shopping with your friends anymore or to private school. I tried talking to the headmaster but she said there was nothing she can do and since your tuition for the semester isn't paid yet you will have to withdraw immediately. I'm sorry Blair. I'm so sorry." Her mom said and shook her head. Blair couldn't believe what she was hearing! They were broke? How was that possible? Her mom wasn't only a fashion designer but she was also a heiress! So how could they be poor?
"Mom, what about your inheritance, there's plenty of money left from that, right?" Blair asked frantically.
"There never was an inheritance. Your grandfather had a lot of debt when he died that was covered up by a good name. That's the only reason I started my own business, so I can maintain the life I was so accustom to, and raise you in that lifestyle." Eleanor explained.
"But what about my college fund? I can go to school with that and then figure out a way to go to Yale when the time comes." Blair said trying to think of a little salvation. It was bad enough they were going to be poor but go to a public school? Was her mom crazy?
"I used your college fund already. It's what we've been living off of for the past few months and now that money is gone. I was hoping that by now I would have thought of something or even earned some of that money back but it's not happening as fast as I would like. By the time comes for you to go to Yale we will have enough money for it but now I can't afford to send you back to private school."
"Can't you borrow money from one your friends?" Blair had seen her mom loan money to plenty of friends when they were in a similar situation and surely someone would help them.
"I don't want everyone to know about this, Blair. If I ask for a loan people will talk and I don't think I can handle that."
"They are going to know when I go to public school, mom!" Blair cried.
"No, they won't. We'll tell them that it was your choice to enroll there and you will make them believe it." No one was going to believe that Blair Waldorf decided on her own to transfer to public school. What was wrong with her mom? Why didn't she think of her when all of this was happening?
Blair runs out of the room and goes to her room to cry. She can't believe this is happening and her mom obviously knew about it for a long time! Now, she was going to have to go to public school and possibly lose all of her friends in the process. Her life was really over now.