(Part 2 Of 2) J.P. Morgan Securities Philippines, Inc. JPMorgan Chase Bank, N.A. – Manila Branch Land Bank of the Philippines Legazpi Savings Bank, Inc. Longmeadow Corporation Macquarie Capital Securities Philippines Macquarie Infrsture Advisory Philippines Malayan Bank Savings and Mortgage Bank Mandarin Securities Corporation Manulife Chinabank Life Assurance Corporation Manulife Financial Plans, Inc. Maybank ATR…
THE cost of a college education has spiraled out of control for most families. In the last 10 years, student loan debt has sharply risen from $240 billion to $1 trillion dollars. Almost 60 percent of this debt is held by households with less than $8500 in net worth. This makes sense because if these…
THAT’S the title of my second book! After three years and three copy editors, my book is now available! To give you an idea on how this book was conceptualized, let me share with you two distinct reasons. First, the family business in Asia has grown considerably in the past decades. It has made an impact in China, India, the…
Secured creditor client seeks relief from buyer who filed for Chapter 11 OH, the woes of owning and running a business come in all shapes and sizes! Even when a business is profitable, something can go wrong that wipes it out. This is particularly true with small businesses when an unexpected lawsuit literally kills the business….
Q: I AM a live-in employee at a residential care facility. I work six days a week and have one day off. I sleep in a room inside the facility together with another employee. I don’t eat breakfast but eat my lunch and dinner in the facility’s kitchen. I am paid a flat rate of…
(Part 1 Of 2) 14-678 Property Holdings Inc JV 18-2 Property Holdings Inc JV 19-1 Realty Corporation JV 6-24 Property Holdings Inc JV 6-3 Property Holdings Inc JV AB Capital and Investment Corporation AB Capital Securities, Inc. ABC Financial Institution AFS Philippines, Inc. Al Amanah Islamic Inv Bank of the Phils. Altus Capital Corporation Armstrong…
IF you’ve made the decision to file bankruptcy in order to get a fresh financial start, here are some things to consider in choosing between Chapter 7 or Chapter 13. Be aware, however, that your income and expenses have a lot to do with which chapter you will be able to file because the courts…
FOR both children and adults with special needs, dental care can be challenging. In some cases, limited coordination can make brushing and flossing tricky. In other cases there may be less access to professional care. Some patients may experience high anxiety levels too. Medications that lead to dry mouth can also contribute to dental care challenges. But…
“OUR life is what our thoughts make it.” That’s a powerful quote by Marcus Aurelius. According to writer Alyssa Sparacino, New Year’s resolutions are a bit like babies: They’re fun to make but extremely difficult to maintain. But I want to resonate the eight powerful words above that might just change your life forever. And…
CLIENT is a specialty food retailer that started operations in a commercial center two years ago. Five partners invested $50K each for a total of $250K for a food business that sells a specialty product that everyone likes to eat. The problem with a business that’s based on a retail outlet in a commercial center…
Q. WHAT is the new minimum wage? A. Effective January 1, 2016, the minimum wage in California will be $10.00 per hour. Most employees in California are entitled to be paid at least the minimum wage. This new rate also affects overtime pay. Employees who are paid minimum wage and work overtime must be paid…
IF you have offshore bank accounts, should you report the accounts to the US government? Yes, if the aggregate balances exceed $10,000 at any time during the year. What if you had the accounts before you left for the US? Yes, you should. There are reasons why our government wants to know: combat money laundering,…
IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you need to find a solution. I understand. Debt is a very personal matter so most people don’t feel comfortable discussing it with anyone. So they…
By: Prof. Enrique Soriano “With great enthusiasm, family businesses always look forward to a wish list of New Year’s resolutions and good intentions. But in a relatively short period of time, we naturally revert back to business as usual with our old habits by sweeping unresolved issues under the rug.” Succession is a process and…
“ If client no longer wants to continue doing business, the best option is Chapter 7. In Chapter 7, all claims against the company, including the judgment of $1.0M will be filed in the bankruptcy case.” CLIENT is part owner of an S corporation. Business started 15 years ago. It imports and distributes high value…
THE year 2015 has been an interesting time for employment law, with the legislature and the courts defining additional protections to employees. The following are some of the new laws that may interest our readers: Employers Must Now Provide Paid Sick Leave to Employees On or after July 1, 2015, most employees working in California…
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit cards, medical bills, personal loans, taxes, late mortgage payments and property taxes- all kinds of debts) due to insufficient income, don’t despair. Chapter 13 may…
ARE you pregnant or thinking about becoming pregnant? Do you know someone who is pregnant? While you’re picking out tiny clothes and reading childcare books, remember the importance of your oral health! Pregnancy brings so many physical changes. You crave different things. Your hair feels different. In fact, just about everything feels different. And, your mouth is…
ON Friday, the 25th, the entire Christian world will celebrate the birth of Jesus Christ 2015 years ago. Christmas is the birthday of Jesus who is the manifestation of God’s love and mercy for mankind. He is consubstantial with the Father, God from God, begotten, not made and through Him all things were made, and…
SARAH Wellens works as a sales representative for Daiichi Sankyo, a Japan-based pharmaceutical company with about 3,000 employees in the United States. The company hired Ms. Wellens, an experienced sales rep, in September 2009. Upon her hiring, she was assigned to a lower level position and lower compensation tier than similar male employees. Over time,…
1. CAPITAL assets include almost everything you own and use for personal purposes, pleasure or investment. 2. The following are capital assets: your home, household furnishings and stocks held in a personal account. 3. The following are not capital assets: • Inventory held mainly for sale to customers in a trade or business. • Accounts…
I KNOW that our economy in the last several years has caused a lot of financial problems for a lot of people. A lot of families are struggling financially every month and are living paycheck to paycheck, thus making it impossible for them to save for their future. They feel like no matter how hard…
Q: EVERY pay period, I receive a check from my employer for my wages. Recently, there is news at work that our company will be requiring employees to receive our wages through a payroll debit card. Is this a legal way to be paid our wages? A: Generally, employers are allowed to fulfill their wage…
A DEBT-free life is something that a lot of people aspire to have. And yet it is a known fact that sadly, many will never attain it because of their unwillingness to make the necessary adjustments in their lifestyle to make it possible. I am talking about people who continue to accumulate debt for immediate…
WHO doesn’t love a little sunshine? Not only does it feel fantastic, but it also has numerous health benefits. Sunshine improves our mood, our immune functions, and catalyzes vitamin D production in our bodies. Vitamin D is important to our healthy smiles Vitamin D supports oral health in two ways: 1. It helps our bodies absorb and utilize calcium. One of…
Client with good income wants chapter 7 to discharge $70K credit cards NO one has anything good to say about the IRS. Tax collectors were much hated even during the time of Jesus two thousand years ago. Jesus was walking along the street when He saw Matthew sitting in his tax collector booth, then Jesus called…
THIS column has often stressed the general rule that most employees should be paid overtime rate if they work more than 8 hours per day or 40 hours per week. However, there may be exceptions in the case of some who work in certain industries. It is in this instance that the employers’ classification…
HERE are the top 10 things the Internal Revenue Service wants you to know about this valuable credit: 1. If you qualify, it could be worth up to $6,143 this year. EITC not only reduces the federal tax you owe, but could result in a refund. 2. The amount of your EITC is based on…
FILING Bankruptcy is a serious decision for most people. Most don’t have a clue about how the process works until they actually consult with an attorney. Confusion often results from hearing conflicting personal opinions from people they know. Sad to say, well-meaning friends and family often give the wrong advice and the results can sometimes…
CLIENT is 53. She has two sons who are just entering college. She divorced ten years ago. Ex-husband does not pay spousal or child support but left her with the community property residence. The house has a small equity. Not much. In plain language, ex-husband, left her with two kids to raise all by herself,…
