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 »
Why Choose Faucher Law?
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 »
IRS Mail Backlog, and US Government
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 »
Tax and Bankruptcy Lawyer John Faucher – Did You Know….?
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 »
Why Are 2020 Bankruptcies Down, Not Up?
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 »
Bankruptcy Usually Won’t Get Rid of Student Loan Debt
If your student loans went to pay tuition, room & board, or school supplies, then that debt is probably not dischargeable in bankruptcy. Read more »
Small Business Chapter 11 Bankruptcies Faster and More Affordable!
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 »
What Happens to Liens in Bankruptcy?
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 »
Reaffirming Debt in Bankruptcy
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 »
Bankruptcy Basics: How Does Bankruptcy Work?
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 »