Your debts and the Tower of Babel

(Part 2) LAST week, we talked about the tower of Babel which is located 30 miles from the modern city of Baghdad in Iraq. We destroyed the tower with cruise missiles when we attacked Iraq because we thought that the tower contained Saddam’s weapons of mass destruction. Now, we know that chemical weapons, at least,…

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Should your company pay wages by cash?

SOME business establishments pay cash wages “under the table.” Why?  Is it worth it? What are the risks? What does paying cash wages ‘under the table’ mean?  This common phrase means the payment of wages to employees by cash. It also includes payments of wages by checks that are disguised to look like other types…

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Can you be sued for texting someone who is driving ?

Finding other sources of payment for the seriously injured LINDA and David Kubert were riding on their motorcycle when eighteen-year-old Kyle Best, who was driving and texting, crossed the center-line of the road, and collided with them. The Kuberts each lost a leg as a result of the accident. They sued Best. They also sued…

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Your debt problems and the Tower of Babel

PREVIOUSLY, we talked about Noah who was instructed by God, my God, the God of Moses and Israel, who sent His only and beloved Son Jesus Christ, to us and who willingly became man through the Blessed Virgin Mary, suffered and died on the cross to redeem us from the consequences of sin so that…

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Jury awards $3.25 million to employee for discrimination and retaliation

DISCRIMINATION based on disability, race, sex, or other protected characteristics are prohibited by law. The law prohibits not only intentional discrimination, but also practices that have the effect of discriminating against individuals because of their protected characteristics. The law also prohibits retaliating against employees who report about discrimination. Retaliation is illegal and may subject the…

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Inherited IRA not exempt in bankruptcy

YOUR father’s last will and testament gives you his IRA of $180,000. He died yesterday. Next week you file for Chapter 7 bankruptcy relief because your credit card debt of $40,000 is too much for you to handle. You inform your lawyer of your inherited IRA. Your lawyer tells you, not to worry, because IRA’s…

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How employees can protect their rights at work

EMPLOYEES may experience unfair practices at work such as the non-payment of overtime or missed breaks, wrongful termination, unlawful deductions, discrimination, or sexual harassment. How can employees protect themselves against an unfair or abusive employer? The following strategies are suggested: Gather the necessary documents that support your claim. These documents include all pay stubs, time…

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Don’t know what to do about debt problems?

IF YOU are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average consumer. The truth is that every situation is different and what may work perfectly for others is not necessarily going to work the same way…

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Your giant debt problems and David & Goliath

GOLIATH was a Philistine giant who was 9 feet tall. The Philistine army had gathered for war against Israel. The two armies faced each other. Israel’s army was led by King Saul who was Israel’s first king but his life turned to tragedy because he did not trust God, my God, the God of Moses…

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Why file bankruptcy?

LIKE most people, you’ve probably heard a lot of negative things about bankruptcy and that how filing could be the worst mistake you’ll ever make in your life. And like most people, you’ve been misled! There is so much misinformation out there about bankruptcy that a lot of good, honest, hard-working people are missing out…

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10 tips on mortgage debt forgiveness

IF your mortgage loan is forgiven, you end up with income from cancellation of debt. Here are 10 tips to exclude the forgiven debt from your income. • Cancellation of debt (COD) or debt forgiveness results in taxable income; however, you may be able to exclude the income (meaning you don’t have to pay tax…

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2013: The final year of the short sale

LENDERS as I thought are more aggressively helping homeowners modify their mortgages. I have seen more loan balance forbearance lately.  Another term for that is a loan modification with a Balloon payoff for the remaining balance.  Lenders will structure this modification package with the homeowner paying a portion with full interest payment and another smaller…

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The evolution of your toothbrush

WHERE WOULD WE BE without our toothbrushes?! Today personal dental hygiene is easy with convenient tools like toothbrushes and floss. But have you ever wondered what people did before modern toothbrushes? Twigs and branches The earliest toothbrushes were actually “chewing sticks.” That may sound rudimentary, but they were surprisingly effective. In ancient Babylon people chewed on…

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Chapter 13: You can become debt-free sooner than you think

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…

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Debt problems? Think of Noah Part 3

(Part 3) We ended last week with God, my God, the God of Moses and Israel, who sent His only Son, Jesus Christ to this world, and through the Blessed Virgin Mary, He became man and willingly died on the cross for our sins, to redeem us from the consequences of sin, so that we…

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Short sales in California: Q&A

A short sale occurs when you sell your property for a price that is short of the balance owed to avoid a foreclosure – with the consent of your lender. Let’s define recourse and non-recourse loans and discuss variations when the property is outside California or if you move into or out of California. Here…

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How important are your pay stubs?

Pay stub case settles for $8.25 million We have previously written about the issue of confusing pay stubs and the employees’ remedies should they have trouble figuring out what they’re paid based on their pay stubs. How serious is the law regarding pay stubs? In the case of McKenzie v. FedEx, FedEx was sued for…

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How many times can you apply for loan modification?

 You need to be aware that if foreclosing proceedings have begun and your application has been denied, you may not have enough time to submit a new application andre-apply especially if a trustee sale date has been scheduled. According to a recent government report, nearly 50 percent of loan modifications approved under HAMP are back in…

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