What bankruptcy can and cannot do for you
IF financial start. Bankruptcy is a powerful remedy because it stops most collection actions, including lawsuits, wage garnishments, bank levies and foreclosure. It also wipes out many types of debts….
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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ABS-CBN can apply for new franchise – Palace
As protests continue against the Duterte administration’s move to revoke ABS-CBN’s franchise, Malacañang on Thursday, February 13 brushed it off as “much ado about nothing” since the media giant can…
Top tax audit triggers (Part 2 of 4)
You missed to report all W-2s, 1099-MISC, 1099-INT or 1099-INT: If you missed to report income from employment (W-2 with withholding) or independent contracting (Form 1099 without withholding), tough luck….
What are the pros and cons of filing for bankruptcy?
LET’S assume that you have incurred too much debt. What do I mean by too much debt? By this, I mean that you are now a slave to creditors because…
Can you have two employers for the same job?
And which of them should pay back wages? ELVIA Jimenez worked as a direct employee for Ameritemps, a temporary employee staffing service. Ameritemps placed Jimenez with U.S. Continental Marketing, Inc….
House Speaker vows impartial hearing on ABS-CBN franchise renewal bills
Philippine House Speaker Alan Peter Cayetano vowed that there will be fair hearings into the bills seeking to renew the franchise of media giant ABS-CBN. According to him, the franchise…
Palace: ABS-CBN’s fate up to Congress, Supreme Court
THE fate of ABS-CBN’s franchise renewal lies upon Congress and the Supreme Court, Malacañang said on Tuesday, February 11. This comes a day after Solicitor General Jose Calida on Monday,…
Health agencies, Big Tech seek to dispel mass misinformation on coronavirus
Groups condemn anti-API ‘racism and hate’ AS the global medical community continues to try to mitigate the threat of the severe coronavirus, the World Health Organization (WHO) and leading social…
Protecting employees who uphold the rights of their co-workers
JEREMIAH Matthews worked as a cook and a maintenance supervisor for Happy Valley Conference Center. Happy Valley is an affiliate of the Community of Christ Church and hosts seminars, retreats,…
Top tax audit triggers (Part 1 of 4)
Scoring system: The IRS uses a Discriminant Function System (DIF) to determine returns that are most likely to generate additional revenue for the government. Although the scoring is secret, it’s…
How does the bankruptcy means test work?
IS the means test in bankruptcy? It’s a method for calculating what your household income is to determine if you qualify for Chapter 7 or Chapter 13 of the bankruptcy…
Can’t have peace of mind due to debt problems?
ARE you having problems paying your debts? Are creditors calling you day and night threatening you with a wage garnishment, repossession or foreclosure? Are you starting to feel hopeless and…
Duterte open to talk to water firms as long as they return money to citizens
President Rodrigo Duterte on Thursday, February 6, asked Manila Water Co. and Maynilad Water Services where the money they allegedly stole from their consumers went, adding that he would entertain…
Legalizing unpermitted work
by: Martin Santiago UNPERMITTED work is a blanket term that applies to any modifications made to the home that should have been permitted but were not. The permitting laws are…
Pechanga Resort Casino named founding partner of SoFi Stadium and Hollywood Park
Pechanga tribe announces $100,000 in grands for Inglewood educational and non-profit orgs SoFi Stadium and Hollywood Park officially announced Pechanga Resort Casino as its newest Founding Partner of the new…
Chapter 7 debt relief for a fresh start
THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…
Grand opening event at The Resort in Rancho Cucamonga on Saturday, February 8
(Rancho Cucamonga, CA) – Get ready to celebrate! Saturday, February 8 from 11:00 am to 3:00 pm, you’re invited to the Grand Opening Event at The Resort in Rancho Cucamonga!…
Franchise Trade Mission presents opportunity for Fil-Ams to learn about small businesses in PH
The Filipino American Chamber of Commerce Foundation Inc (FACC Foundation) presented its kickoff orientation event for the Filipino American Franchising Trade Mission (FAFTM) at the Philippine Consulate on Wilshire Blvd…
Asian Americans Advancing Justice – Los Angeles announces nationwide search for new CEO
ASIAN Americans Advancing Justice – Los Angeles (Advancing Justice-LA) has launched a nationwide search for a new Chief Executive Officer. The search is a first for the organization, which was…
Is this Filipino “church” engaging in human labor trafficking?
ON January 29, 2020, the FBI conducted a raid of the Kingdom of Jesus Christ, the Name Above Every Name church in Van Nuys, California. During the raid, the federal…
Why are more seniors filing bankruptcy?
ACCORDING to a new report, the number of seniors filing bankruptcy is increasing rapidly. The average senior who files bankruptcy these days owes approximately $17,390 according to the report (Although…
Chapter 7 debt relief for a fresh start
THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…
Your chance of getting audited in 2020
YOUR chances of being chosen for audit has been miniscule for more than 10 years. IRS was underfunded and understaffed. They didn’t have financial resources to hire and train auditors….
SWS: More Filipinos expect lives, economy to improve in 2020
MORE Filipinos expect their lives and the country’s economy to improve in the next 12 months, according to the latest Social Weather Stations (SWS) survey. The poll, conducted from December…
PG&E offers energy saving tips for cold winter temps
Here are Some Smart, Simple Steps to Help Save Energy and Stay Safe SAN FRANCISCO — Winter in California means heading to the Sierra to enjoy the snow or curling up…
Superfast 5G for cell phones at the Las Vegas CES
THERE’S been a buzzword in cell phone speeds: 5G. Just what is meant by 5G? Our Asian Journal crew of Roger Oriel, Victor Sy, and Byron Sy found out some…
Employees injured at work are entitled to reasonable accommodation
VIRGINIA Hoover worked as a radiology technologist for a Dignity Health hospital for 24 years. In December 2012, her arm was injured while she was preparing for a CT scan….
A tale of two seniors in financial distress
THE first senior is 73. He has been separated from his wife for 30 years but not divorced. So, for all intents and purposes, he is single because even if…
DTI, BOI conduct quick check of business industries in Calabarzon
Business as usual after Taal Volcano eruption It is business as usual for most companies operating in the Calabarzon Region (Region IV-A) following the eruption of the Taal Volcano last…
Is bankruptcy right for you?
SURE there are alternatives to bankruptcy. But bankruptcy is the only solution that provides viable debt relief for those who are unable to repay their debts. Some people sign up…