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  • Home
  • Your Team
  • Bankruptcy
    • Chapter 7 Personal Bankruptcy
    • Chapter 7 Business Bankruptcy
    • Chapter 11 Small Business Bankruptcy
    • Chapter 13 Personal Bankruptcy
    • Bankruptcy Litigation
  • Tax
    • IRS Tax Assessment Issues
      • Tax Audits
      • Tax Litigation
    • IRS Tax Collection Issues
      • Installment Agreements
      • Offer in Compromise
      • Tax Liens and Levies
    • California State Tax Issues
  • Reviews & Results
  • Resources
  • Blog
  • Contact

Trustee

Chapter 7 Bankruptcy Planning in Los Angeles County 

Bankruptcy, Bankruptcy Procedure, Los Angeles County, Trustee
Chapter 7 Bankruptcy Planning in Los Angeles County 

When it’s time for bankruptcy planning, my clients in LA, Ventura and Santa Barbara counties often go “Huh?” It’s not obvious that filing bankruptcy should involve timing and strategy. But a good bankruptcy does. Why? To minimize assets the Bankruptcy Trustee may take. Here’s why pre-bankruptcy filing planning matters. Read more>>

How To Lose A California House with An IRS Tax Lien in Bankruptcy

Bankruptcy, Bankruptcy Procedure, IRS, Loan Modification, Pre-Bankruptcy Planning, Tax Liens, Trustee
How To Lose A California House with An IRS Tax Lien in Bankruptcy

California increased the home equity people going through bankruptcy could keep in 2020: from $175,000 to $600,000, specifically so debtors wouldn’t lose their house in bankruptcy. It mostly works. Except with houses that have IRS tax liens on them.Read more>>

What Happens at a Bankruptcy 341 Meeting of Creditors?

Bankruptcy, Bankruptcy Procedure, Trustee
What Happens at a Bankruptcy 341 Meeting of Creditors?

In chapter 7 bankruptcy, everything you own and owe is briefly transferred to a bankruptcy Trustee, who can then use your assets to pay your debts. If you have more debts than assets, then those debts are “discharged” or wiped out (there are exceptions for some debts… Read more »

The Bankruptcy Trustee

Bankruptcy, Bankruptcy Procedure, Trustee
The Bankruptcy Trustee

Trustee in Chapter 7 Bankruptcy When you file a a chapter 7 bankruptcy, everything you own and owe is legally transferred to a Bankruptcy Trustee, who can then use your Read more »

How Inheritance Impacts Bankruptcy

Bankruptcy, Bankruptcy Aftermath, Bankruptcy Procedure, Pre-Bankruptcy Planning, Trustee
How Inheritance Impacts Bankruptcy

It’s horrible to have a loved one die. But sometimes the death comes with a silver lining in the form of an inheritance. However, for someone with lots of debt Read more »

Lenny Dykstra Sentenced for Bankruptcy Fraud

Abuse, Bankruptcy, Bankruptcy Aftermath, Bankruptcy Procedure, Crime, In the News, Trustee
Lenny Dykstra Sentenced for Bankruptcy Fraud

He had a great mansion in Lake Sherwood, near Thousand Oaks, but when his financial-services firm fell apart, so did his life. Baseball legend Lenny Dykstra, who went through bankruptcy in 2009 (claiming about $25 million in assets and $37 million in debts), thought he could hide assets Read more >>

Why Hiding Information In Bankruptcy Isn’t Good Strategy

Bankruptcy, Lawyering, Trustee
Why Hiding Information In Bankruptcy Isn’t Good Strategy

Attorneys often try to hide a client’s information, disclosing as little as possible. This legal strategy sometimes has comical effects, as in this exchange I heard in a deposition:Read more >>

Filing Bankruptcy If Debtor No Longer Lives in US

BAPCPA, Business, Corporations, Pre-Bankruptcy Planning, Procedure, Trustee
Filing Bankruptcy If Debtor No Longer Lives in US

I had an American client who lived in Europe – Luxembourg, of all places. He moved because his business ventures in the US were going bad. His wife was from Luxembourg, so the family moved close to his in-laws Read more >>

Bankruptcy & Self-Employed People

Bankruptcy, Bankruptcy Procedure, Trustee
Bankruptcy & Self-Employed People

Self-employed persons face special challenges in filing bankruptcy. When I hear that a potential debtor has a business, a slew of questions come up: is the business incorporated, a partnership, or a sole proprietorship? Does the debtor Read more >>

About John D. Faucher

faucher_law_iconJohn worked for ten years for the Internal Revenue Service defending IRS audits in Tax Court. Since 2008, he has used is knowledge about the IRS (and also California’s Franchise Tax Board, Department of Fee and Tax Administration, and Employment Development Department) to help clients with IRS and California tax agency audits, levies and tax debts. He also represented the IRS in bankruptcies where the IRS was owed back taxes.


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John D. Faucher | Faucher Law
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Westlake Village, CA 91361

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Phone: (818) 889-8080
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Email: jdf@johndfaucher.com

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