MOST debt problems don’t go away and solve themselves. They are there when you go to bed at night, and they’re still there when you get up in the morning. They can cause a lot of ulcers, sleepless nights, stress and even physical sickness. As a bankruptcy attorney for the last 22 years, I have…
Here are some ways to prepare for Biden’s tax increases: Accelerate 2022 income into 2021 to avail of lower tax rates in 2021. Defer 2021 deductions into 2022 when you need it more to counter higher rates in 2022. Sell long-term capital gain assets in 2021to take advantage of lower rates. Realize capital gains on…
Marriage for many persons is the culmination of one’s life. Getting married signifies the beginning of a new phase in life, both socially and economically. For those persons who lack permanent residency in the United States and have married a United States citizen, marriage also presents an opportunity to obtain permanent residency. However, although the…
THE client owns a restaurant that survived the pandemic with take-outs. The commercial lease for the restaurant is in the name of the client. The client is the sole proprietor of the restaurant, and obtained PPP loans of $80,000, and credit card debt of $120,000. All these debts were used to keep the restaurant afloat….
I WORK for a company that shorts us on pay, nothing big, like 15 minutes of overtime two to three time per week and breaks that are not provided once or twice a week. Many of my coworkers experience the same thing but shrug it off saying the back wages are too small to sue…
Bottom line up front — it depends. It depends on your short-term and long-term goals. Currently, it’s a “seller’s market,” which means that there are more buyers than there are homes available for sale. Along with the historically low rates of financing, we’ve seen bidding wars and offers over the asking price during the past…
Part 3 of 3 Swing trading captures short to medium-term gains over weeks or months (as opposed to day trading that captures gains in one day). The main difference between swing and day trading is the time frame. Day traders work with a short time frame whereas the swing traders work with a much longer time frame. If you are patient as…
Q: I work for a private company in California that is not in healthcare or education. My employer just sent a company-wide memo requiring that all employees must be vaccinated in order to be allowed into the workplace. I read that vaccination is only mandatory for healthcare and school workers. Because I don’t work in…
Once in a while, there will be a prospective client who will come to see me to argue against himself. I say client argues against himself because he has decided not to face the reality of his debt problems. First, client already has two judgments against him. One judgment is for $33,000 and another is…
IF you have an existing child support or spousal support obligation (court order) and you are laid off from your job causing a major loss of income, you may want to consider modifying your existing child and spousal support order. You are not automatically relieved from your obligation to pay a court ordered child and…
Maximizing the client’s recovery Insurance carriers have a duty to investigate all claims. This duty is the same regardless of the kind of insurance at issue. This duty applies to first-party claims “your own insurance” — that is when a policy-holder has submitted a claim to her own insurance carrier, such as a claim under…
IF you are delinquent on your debts, you may be able to avoid dealing with the bill collectors for a few months but sooner or later, you will still need to face the reality of your debt problems and do something to protect yourself. For example, creditors will probably wait until you are 60 days…
Q: I HEARD California is requiring workers to be vaccinated. My employer just sent a memo to everyone saying that employees must be vaccinated in order to be allowed into the worksite. Can my employer force me to get vaccinated? A: The general answer is “yes.” This is especially true and urgent for certain types…
YOU own a successful business, as a sole proprietor, prior to marriage. You later meet the love of your life and decide to marry her. Years into the marriage, you decide to incorporate the business. A common question when the couple later divorces becomes 1) did your separate property business become community property by virtue…
YOU may not like what I have to say in this article. But oftentimes, the truth hurts. But if you find yourself broke every payday because of too much debt, you may find the information here helpful to change your life for the better. Did you know that more than 90% of the population lives…
THE common misconception is that car insurance follows the driver. In reality, car insurance follows the vehicle. Under the “permissive use statute,” this means if you give another driver permission to take your vehicle, they will be covered by your car’s insurance policy. In other words, your own policy provides the primary coverage, not the…
WHAT about the homestead exemption? Let’s use the exact words of the law as to what is considered a homestead in California. Section 704.710 (c) of the California Code of Civil Procedure states that “‘Homestead’ means the principal dwelling 1) in which the judgment debtor or the judgment debtor’ spouse resided on the date the…
THIS style is called “day trading” because securities are bought and sold within the same day. Day traders typically buy and sell securities within the same day, often multiple times per day. Swing trading is also fast-paced but not as often as day traders. Capital requirements vary for day traders and swing traders depending on…
YES, you can sell your home without a realtor. Property owners who sell their property without hiring a licensed real estate agent, are considered as a “for sale by owner” or “off market sale.” This is commonly done by owners hoping to potentially save the fees in hiring an agent. What are the disadvantages of…
Q: I have been working as a caregiver for a healthcare agency in Los Angeles. My boss talked to me about signing an independent contractor agreement which will make me a 1099 worker. I was told that being on 1099 allows me to take home all my pay with no withholdings. I have been a…
Highlights: Day traders typically buy and sell securities within the same day (even multiple times per day) while swing trading involves making trades over a few days, weeks, or months. Day trading may be a good choice for those who want higher profit potential while swing trading may suit those who want a lower-stress option….
IT is no secret that insurance is a multi-billion-dollar industry. The insurance industry and insurance companies have all the resources and money to spend in their efforts to take advantage of you with low ball settlement offers and unfair denials of liability. Social media outlets are one major area that the insurance companies try to…
WHEN debts spiral out of control, bankruptcy can become an invaluable financial recovery tool in getting you back on the right track. While it’s not for everyone, close to a million people every year find it to be their only hope of getting a fresh financial start. Debt problems can be the result of unemployment,…
A postnuptial agreement is a contract between you and your spouse entered into after you get married resolving issues in your marriage. It is similar to a prenuptial agreement except it occurs after your marriage. For couples that get married without a prenuptial agreement, it is not too late to have an agreement dealing with…
THE honest debtor is the only debtor who can get a discharge in bankruptcy. But who is an honest debtor? If we go by layman’s definition just to get an idea of who an honest debtor is, then the honest debtor is who is in good faith when he files for bankruptcy. Of course, this…
YOU can use two primary approaches to analyze a stock: fundamental analysis and technical analysis. Fundamental analysis involves looking at a company’s underlying business metrics, such as revenue, earnings and debt. Technical analysis involves looking only at a stock’s recent price movements and identifying buy and sell signals in its chart. Let’s take a look at…
YOU own a successful business, as a sole proprietor, prior to marriage. You later meet the love of your life and decide to marry her. Years into the marriage, you decide to incorporate the business. A common question when the couple later divorces becomes 1) did your separate property business become community property by virtue…
A SEPARATION package or a severance agreement is a contract between an employer and an employee who is about to leave the employer’s employment. In a typical severance agreement, the employer agrees to give the employee additional compensation (the severance pay) in exchange for the outgoing employee’s agreement not to sue the employer for any…
ARE you sick and tired of being in debt and having bad credit? Do you want to start over but simply don’t know where to begin? Is filing bankruptcy an option for you or are other options available? These days, you are constantly bombarded with advertising from companies and other professionals offering you their “solution”….
Vicarious liability is a legal doctrine under which parties can be held indirectly liable for an incident and/or injury, even though they did not cause it. Where vicariously liability is a viable theory, other case law applies. Generally, an employer is vicariously liable for the torts of its employees in the course and scope of…
