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 »
According to the New York Times, corporate America is starting to see Covid-19 related bankruptcies on the increase. At Faucher Law, P.C., we still haven’t seen this increase. Note that the New York Times doesn’t give statistics, and it’s only talking about major corporate bankruptcies: chapter 11, not chapter 7. Read more »
Here’s a rundown from the Washington Post. You can pay it, you can submit an electronic return, but you can’t get anyone to answer your calls. Read more »
Filing and paying 2019 tax return: You’re probably already aware that the April 15 deadline has been pushed back to July 15. This means both filing and paying your taxes: late-payment and late-filing penalties don’t start until July 16. Read more »
Everything the IRS knows about you exists on a piece of paper called the Account Transcript. I get a client’s transcript when I begin representing them because I need to know what the IRS knows about Read more >>
Many recipients of the most recent Faucher Law Newsletter have been clamoring for more information about Sebastian, my paralegal cat and newest employee! Where’d Sebastian Come From? My wife, daughters Read more »
