The U.S. federal and California state governments fund their activities by imposing and collecting taxes on various transactions. These include the receipt of income, payment of employees, sale of goods Read more »
Here’s a summary of how I practice law and what I promise my clients. Note: the first letters of each paragraph form my last name, Faucher. Focus I don’t have Read more »
Like so many businesses, the IRS shut down most of its operations during the early months of the pandemic, returning to full work only in early July. It now has Read more »
Faucher Family Farms Tax and Bankruptcy lawyer John Faucher is also an intrepid chicken farmer. The flock of Faucher Family Farms has ranged from six to sixteen hens (no roosters Read more »
Bankruptcy filings have declined nationwide this year – a counterintuitive trend given the economic gut punch from the Covid-19 pandemic. In the Central District of California, which includes much of Los Angeles, Ventura and Santa Barbara counties, there have been only 18,381 bankruptcy filings so far this year. Read more »
If your student loans went to pay tuition, room & board, or school supplies, then that debt is probably not dischargeable in bankruptcy. Read more »
Sadly, the economic slowdown caused by Covid-19 is making many small business owners consider bankruptcy. Indeed, the Small Business Association estimates 40% of the US’s 30 million small businesses will fold within a year. Read more »
A lien is a creditor’s legal right to a debtor’s specific property to satisfy a debt. The most common lien is a home mortgage. The homeowner borrows money from a bank to buy a house and signs a deed of trust which allows the bank to foreclose if the homeowner stops paying the mortgage. Read more »
In bankruptcy, all of a debtor’s debts and assets are brought into the case. The debtor does not choose which assets are used to pay debts, or which creditors get stiffed or get paid. Read more »
The word “bankruptcy” comes from the Italian words for broken bench — banca rotta. In the middle ages, a failing craftsman would bring his work bench to an authority in the town square, who would break it and in so doing, relieve the craftsman of his debts. Bankruptcy is more modern-looking today. Read more »
