Filing bankruptcy due to credit card debt
MOST people don’t talk about their credit card debt because they find it embarrassing. They can talk to their friends and family about everything else but when it comes to…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Pacquiao launches digital payment platform PacPay
PHILIPPINE Senator Manny Pacquiao, the eight-division boxing world champion, is launching PacPay, a digital payment platform for global influencers, brands and fans. The boxer-senator’s technology startup, Pac Technologies, on Friday,…
Can an employer legally fire me because I (or a family member) got COVID-19?
Q: I read about severe cases of COVID-19 infections requiring several weeks of recovery. Can the employer fire me while being on leave due to this illness? Do I have…
What are the common questions about bankruptcy? Here are some answers
IS there a constitutional right to file for bankruptcy? Yes, there is. The United States Constitution adopted 250 years ago provides for the creation of bankruptcy courts and the power…
9 ways to avoid an IRS audit
1. Do not boast about how you got away with undeclared income. Ever heard of whistleblowers? They earn rewards of 15% to 30% of your assessments. 2. Do not hide…
Beware of the ‘one ring’ phone scam
For illegal robocallers, the goal isn’t always getting you to answer. Sometimes, it’s getting you to call back. Every so often, your phone may ring once and then stop. If…
When there’s no other choice but bankruptcy
THIS is one thing I hear from people all the time: “If you ask me, I really hate doing this, but I feel I have no choice.” Of course, no…
Harness the Power of Family Governance for Your Legacy
Strong and successful business legacies, particularly those that attract consistent and robust growth throughout generations, are firmly founded on united, resilient families that employ effective family governance structures. This was…
Fil-Am hairdressers discuss LA County’s new reopening orders, safety protocols for salons
THIS week, Los Angeles County began allowing certain hair salons and barber shops to operate indoors. Effective Wednesday, Sept. 2, hair salons and barber shops may resume indoor services as…
Report: Filipinos barter possessions for food as pandemic continues
With the coronavirus pandemic hitting the Philippines hard, Filipinos have started flocking to Facebook groups to trade their possessions for food, a report by Agence France-Presse (AFP) found. “Online bartering…
Ageism and the rights of older workers (especially in these COVID-19 times)
THE U.S. Equal Employment Opportunity Commission (EEOC) recently announced the settlement of an age discrimination lawsuit against Jet Propulsion Laboratory (JPL), a NASA field center located in Pasadena, CA. JPL…
Client maxes out credit cards to $75K during pandemic as unemployment benefits are insufficient
WHO would have thought that we would have to go through a pandemic of these proportions in our beloved America during our lifetime? It’s not even mildly implied in the…
9 tactics to survive an IRS audit
YOU have just received an invitation to the offices of the Internal Revenue Service. They want to examine your return. Don’t panic. All these years, you have stashed funds for…
Fil-Am nonprofit SIPA partners with housing firm to develop new headquarters, residential building in Historic Filipinotown
The project is expected to be completed by early 2022 A new chapter for a long-standing organization in Los Angeles’ Historic Filipinotown is underway. Nonprofit organization Search to Involve Pilipino…
Philippine Airlines named among safest airlines for travelers during COVID-19
Philippine Airlines (PAL) has been named among the world’s top 10 safest airlines during the current coronavirus pandemic, according to a newly released database that looks at COVID-19 traveler health…
Less travel, more investments
By Martin Santiago PENDING home sales, which measure signed contracts to purchase existing homes, increased 5.9% in August compared with July, according to the National Association of Realtors. The usual…
Filing bankruptcy if your income has been affected by COVID-19
WHEN the virus makes your income disappear overnight, it can be very frightening to realize that you can’t go very long without it because your bills don’t stop just because…
Complaining of employer’s illegal conduct is protected activity
DR. Jan Weber worked for 5 years as a psychiatrist for the Santa Clara Valley Medical Center, a public hospital in Santa Clara County. He was assigned at the hospital’s…
9 dos during IRS audits
YES, I know, audits are serious stuff. But they do funny stuff to people like you when you are under audit, under stress. I have seen clients pretend to be…
The Fair Debt Collection Practices Act
THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however,…
Governor Newsom changes up business reopening guidelines for California
Hair salons and barbershops allowed to reopen indoors starting Monday California Governor Gavin Newsom said on Friday, August 28 that California would be modifying how the state determines which counties…
PH tourism stakeholders get a lifeline, look forward to recovery
Tourism is one of the world’s largest industries most affected by the COVID-19 pandemic and every other country has seen the varying degrees of decimation to its tourism sector. Whether…
Is Amazon liable for defective products sold on its site?
Protecting consumers against sellers ANGELA Bolger bought a replacement laptop computer battery on Amazon.com, which was being sold by “E-Life,” a fictitious name used on Amazon by Lenoge Technology (HK)…
Filing bankruptcy when faced with the unexpected
MANY people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no obvious way out. For some, job loss sent them into a downward…
Repo deficiency causes senior to seek Chapter 7 relief
THE first client is 75. Her husband passed four years ago and left her with $30,000 of credit card debt. She has been making minimum payments on their credit cards…
10 records to support your request for IRS penalty forgiveness
YOU have one shot in asking the IRS to abate (forgive) penalties that have been assessed for late filing, late payment, or audit adjustments. Make this opportunity count. Submit a…
Six hundred women registered for August webinar on what it takes to get a corporate board seat in California
Next Webinar on Sept. 29 Explores Adding Diversity to Corporate Boards SACRAMENTO – If there was any question about the interest women have in learning how to land a seat on traditionally…
Filipino data analysts win NASA space apps challenge
An app for pc developed by a group of Filipinos that measures the impact of the coronavirus is the winner of NASA’s Space Apps COVID-19 Challenge. Data analysts Nick Tobia,…
Family Business Governance — Important Then And Now
The Need for Family Governance Then The Philippine business landscape is unquestionably dominated by family-owned businesses. Despite the humble connotation that average men try to pin on it, the truth…
LA County rent relief program to launch on August 17 for income-eligible renters
$100 million to go towards rent assistance as pandemic continues THE latest Los Angeles County Rent Relief program created to help county renters who have been heavily impacted by the…