Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
IF you’re one of the resourceful, dedicated people who uses Pass It On (https://consumer.ftc.gov/features/pass-it-on) and Pásalo materials to help older adults avoid scams, thank you! You’re part of an enormous network that’s shared more than 17 million fact sheets and bookmarks, in English and Spanish, at coffee chats, financial literacy classes, information fairs, and in libraries, lobby tables, and…
THE County of San Diego Department of Homeless Solutions and Equitable Communities is launching a pilot program to provide 222 seniors at risk of experiencing homelessness a rental subsidy. This program was approved by the San Diego County Board of Supervisors last September. Eligible adults over 55 years old would be provided $500 a month…
Are you struggling every month to pay your debts, especially your credit card bills? Are you always worried about not having enough left over for your mortgage, rent, food and other basic living expenses after you make your monthly debt payments? Do you want your credit card payments to be more affordable and manageable? One…
The decision to terminate one’s marriage typically brings to the forefront many issues all at once. Issues pertaining to property, support, and child custody need to be addressed in a divorce proceeding. In a long term marriage especially, these issues are often heavily litigated between the spouses, and can take a significant amount of time…
THE FTC honors the contributions and legacy of Black Americans across U.S. history. One of the top consumer issues that the Federal Trade Commission (FTC) has heard from people living in majority Black communities is related to credit bureaus. Your credit history tells businesses and potential employers a story about how you use money. What is your credit history…
The child tax credit and extended unemployment insurance program are long gone and experts don’t expect new family-friendly legislation this year. Recession or no recession? That is the central question about the economy as we enter the new year. “We really do not know whether there will be a recession in 2023 or not,” says…
w clients have different financial and asset situations, which make them start thinking about getting rid of accumulated debt. Nobody starts with borrowing money with the intention of defaulting and not being able to pay back. Certainly, in my over 30 years of practice in bankruptcy law, I have seen potential clients, not many actually,…
Are you struggling every month to pay your debts, especially your credit card bills? Are you always worried about not having enough left over for your mortgage, rent, food and other basic living expenses after you make your monthly debt payments? Do you want your credit card payments to be more affordable and manageable? One…
San Gabriel Valley Megamix Schedule for February 2 Existing and innovative new businesses in the San Gabriel Valley will be featured at the Second Annual San Gabriel Valley MegaMix Expo Thursday, February 2, 2023, from 3:00 pm to 8:30 pm at the Hilton Los Angeles/San Gabriel Valley. “Following the success of our first event, we…
Some salaried employees in California, including a category of relatively higher-paid workers, may be entitled to pay increases because of minimum-wage increases that went into effect this year. In 2017, the California Legislature enacted a new minimum-wage law aimed at raising the statutorily-mandated minimum wage from $10 per hour to $15 per hour. The increase…
Thinking about one’s demise is not something people want to spend time thinking about. However reality is that we all have to face this one day. It is just a matter of whether you depart this world prepared or unprepared. If you pass away with at least $184,500 in gross assets and you do not…
JANUARY is the start of income tax filing once again. It is due on or before April 15, 2023. However, due to the natural disaster caused by the so-called atmospheric-river storm that battered California, the Internal Revenue Service just announced that your tax filing can be extended to May 15 for counties covered by a…
Calling all entrepreneurs, business leaders and consumers! The San Gabriel Valley Mega Mix Expo is back this Thursday, February 2 from 3 to 8:30 p.m. for you to buy, shop, support and invest in the local business community. “We are confident that your business would gain a lot of value again as we partner with…
A new law in California has guaranteed bereavement leave to all California employees. California’s Assembly Bill 1949 (A.B. 1949) went into effect this year, and makes it unlawful for an employer “to refuse to grant a request by any employee to take up to five days of bereavement leave upon the death of a family…
Read this if you owe the IRS money and can’t pay. If you just received a letter from the IRS for a tax bill that you can’t pay, you’re probably wondering what will happen next if you don’t have the money to pay them. Or perhaps you already know that you owe the IRS but…
THIS Sunday, January 22 is, as most people know, Chinese New Year of the Rabbit for 2023. The New Year is also using the element of water; therefore, it’s the year of the water rabbit, which Elmer Fudd calls “Wabbit”. Elmer Fudd is a cartoon character, who’s mostly involved with “Bugs Bunny” and Fudd calls him…
Conglomerate invests 25 billion pesos (USD477 million) in once-in-a-generation 57-hectare mixed-use community development conceptualised by global leaders in sustainability and master-planning Bohol, Philippines — Leading Philippine conglomerate Alturas Group has unveiled a bold new vision for development on the island of Bohol with the launch of Panglao Shores, a 57-hectare mixed-use project that marks sustainability,…
Q: I previously worked as a clerk in a large office. I used to like working there, but recently my manager made me so miserable at work. It started when I requested time off to have a contraceptive implant. I had mentioned it to a colleague and I’m guessing she told my manager, who told…
THE Constitution of the United States of America allows bankruptcy to its citizens and residents to allow them to become productive again if they are saddled with accumulated debt. The Supreme Court calls Chapter 7 bankruptcy “the fresh start.” You may have good income but debt repayment could be eating up all of your disposable…
IF you just received the dreaded first letter from the IRS saying that you owe them money, don’t despair. Perhaps you had a balance owing on your last tax return (or returns from past years) that you couldn’t pay. Maybe you got audited and you didn’t have the chance to respond. Perhaps you took money…
There is never the perfect time to think about who you would like to inherit from your estate in case you pass away or at least who among your closest friends (BFFs) and family members are even deserving of inheriting from your estate. In doing so, you should also think about which vehicle you plan…
There seems to be a misconception in the general public that you can only obtain a divorce in California if your spouse will sign the divorce papers. I get this question a lot from our family law clients. The fact is that California is a no fault state and you do not need your spouse’s…
THE COVID-19 pandemic caused significant business disruptions. However, numerous businesses have been denied insurance relief for the losses they incurred. Some have turned to the courts for help only to again be denied. But in a recent victory for the insured, the California Court of Appeals found that a popular San Francisco restaurant, John’s Grill,…
When people are going through financial difficulty and are unable to pay their bills, their first reaction is often to ignore their debts and avoid contact with creditors. They think that by doing this, somehow the creditors will simply give up and go away. Then one day they get a summons delivered to their home…
What is timing? In life, as we all know, there’s such a thing called timing. Like the timing is right. Or, the timing is wrong. If the timing is right, then good consequences flow from the decision made. If the timing is wrong, then bad consequences flow from the decision made. Let’s say you just…
We’ve all been there. During the holidays you order something online and anxiously await its arrival. But then your package doesn’t come when the seller said it would. And worse, you hear nothing. Your happy anticipation is turning to anger and frustration. So now what? If you didn’t get your stuff: First, contact the seller. Most…
By Julie Appleby, Kaiser Health News Need medical treatment this year and want to nail down your out-of-pocket costs before you walk into the doctor’s office? There’s a new tool for that, at least for insured patients. As of Jan. 1, health insurers and employers that offer health plans must provide online calculators for patients…
Q: I was fired from work last week and another co-worker also quit at around the same time. Our employer told us both to sign an “exit form” and a “release.” We were told that we would not get our final paycheck if we do not sign these documents. Is this legal? A: If an…
THE client is a single mom and a professional with good six figures income. In 2018, a friend approached her with a business for sale. The client had never been in business before but was interested in the prospect of making more money. According to the sellers of the business, it makes a net profit…
ALL property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in California is community property. Family Code 760. However, there are situations in which the marriage may be held to be null and void. These situations include, but are not limited to entering into a bigamous marriage, fraud…
