Seniors raid retirement account but still require Chapter 7 relief
CLIENTS are seniors. Wife is 67 and had just retired from a lifetime of being a registered nurse. She has social security benefits of $2100. Husband is 67 and has…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Diversification – Three approaches for different types of investors
DIVERSIFICATION – investing in different stocks in different sectors – avoids that old danger zone of putting all your eggs in one basket. Loading up on just one stock puts…
Jollibee completes Coffee Bean acquisition
PHILIPPINE fast food giant Jollibee Foods Corp. (JFC) has completed its $350-million acquisition of American beverage and food retailer Coffee Bean and Tea Leaf (CBTL), marking it as the company’s…
De Lima calls AFP deal with China-backed telco a ‘Trojan Horse’
“Trojan Horse.” That’s what opposition senator Leila De Lima on Friday, September 20, called the signed agreement between the Armed Forces of the Philippines (AFP) and China-led Mislatel Consortium, now…
Drowning in debt? Your choices determine your destiny
ARE you always worried about not having enough money for yourself and your family no matter how hard you work? Do you live paycheck to paycheck with no savings? Is…
LA’s Historic Filipinotown dubbed one of the ‘coolest’ neighborhoods in the world
Time Out magazine highlights Filipino cuisine option in one of LA’s up-and-coming areas In the last two decades, Angelenos have lamented gentrification’s impact on the erasure of the historic local…
Fil-Am chambers of commerce meet with Ambassador Romualdez during SoCal visit
THE Coalition filipino American Chambers of Commerce (COFACC) welcomed Philippine Ambassador to the United States, H.E. Jose Manuel “Babe” Romualdez, during an exclusive luncheon at the Diamond Bar Golf Club last…
Contractor or employee: Why is it a big deal?
RON Carter worked for XPO Last Mile, Inc. (“XPO”) as a delivery driver. XPO provides delivery services to retail merchants like Home Depot, Lowe’s, and Macy’s. These companies contract with…
Warren Buffett predicted fall of Sears 14 years ago
THE end of Sears, Roebuck & Co. predicted by Warren Buffett 14 years ago. I personally find it ironic that the iconic retailer that started mail order catalog was displaced…
Seniors need relief from big HELOC & $40K credit cards
The clients are 63 and 64. They are young seniors. Up to 65, you are a young senior in my book. You can get senior discounts at Golden Corral for…
As McDonald’s delivery business builds global momentum, the company hosts third annual McDelivery event across 50 countries and six continents
Global ‘McDelivery Night In’ includes ‘Staying In’ clothing line dropping Sept. 19 Chicago — McDonald’s now delivers to more than one million customers around the world every day. To honor…
DND concerned about AFP deal with China-backed telco
The Department of National Defense (DND) on Monday, September 16, said it has a concern over the agreement between the Armed Forces of the Philippines (AFP) and Chinese-linked telco firm…
Warren Buffett’s lessons for ordinary investors
LET’S learn a few things from the greatest investor of all time – Warren Buffett. It’s OK If You Don’t Know Much About Investing. Most investors do not have business…
What’s the difference between Chapter 7 and Chapter 13 bankruptcy?
CHAPTER 7 is called the fresh start because it wipes out all dischargeable debt while allowing the debtor to keep most, if not all, of his assets. Meanwhile, Chapter 13…
Sex harassment creates a hostile work environment
CHASTITY Jones, is a 42-year-old single mother, who worked as a sales accountant Hologram USA and FilmOn.TV, companies owned by billionaire Alkiviades David. FilmOn.TV Networks is an online television service…
House OKs bill allowing more foreigners to practice profession in PH
THE House of Representatives gave its nod to a bill allowing more foreigners to practice their profession in the country and lowering the direct local hires required of foreign investors….
Investing tips from Warren Buffett
Lesson No. 1: Be Frugal Warren Buffett is a multi-billionaire; yet, he lives simply. He still lives in the same modest house in Omaha, Nebraska that he bought 50 years…
Sex harassment creates a hostile work environment
CHASTITY Jones, is a 42-year-old single mother, who worked as a sales accountant Hologram USA and FilmOn.TV, companies owned by billionaire Alkiviades David. FilmOn.TV Networks is an online television service…
What does a ‘fresh start’ after bankruptcy mean?
LET’S give bankruptcy a historical and legal perspective. Right now, when we say bankruptcy law, we refer to the federal law called the “Bankruptcy Code” of 2005. Creditors did a…
In conversation: Philippine Trade Commissioner Eric Elnar on why Fil-Ams should invest in the Philippines
IN recent years, studies have shown that the Philippines continues to be an emerging market for economic growth. It is also considered as one of the most dynamic economies in…
DOT, Jollibee launch tourism campaign
The Department of Tourism (DOT), in partnership with Filipino fast food chain Jollibee, launched the “Eats More Fun in the Philippines” campaign over the weekend in a bid to take…
Warren Buffett’s investing style
WARREN Buffett, the world’s greatest investor, loves value stocks – stocks that are trading below their intrinsic value. He uses investing tenets which are categorized in the areas of business,…
Thinking of filing bankruptcy? 5 questions to ask yourself
ARE you constantly worried about your finances because of debts that you can no longer afford to pay? If you are in more debt that you can repay, you may…
Accommodating employees with mental disability
KIMBERLEE Gutierrez worked as a patient registration clerk for Dignity Health for 9 years. Kimberlee had a history of mental disability, which worsened when she was violently attacked by an…
How is life after bankruptcy?
MANY people who need debt relief are afraid to file for Chapter 7 or Chapter 13 because they fear that life after bankruptcy will be difficult. The fear is that…
8 Philippine companies among Forbes’ ‘Best Over a Billion’
Eight Philippine companies secured spots on Forbes Asia magazine’s inaugural “Best Over a Billion (BOB)” list, which highlights the 200 top-performing listed companies across the Asia-Pacific region with revenues of…
Warren Buffett’s advice during a market crash
6. Avoid Leverage That Amplifies Stress During A Market Crash: Sure, there’s stress during a crash – lots of it. Add margins (meaning loans that you incurred to buy more…
Ignoring debt problems now can be painful later
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…
Is a $1-million SBA loan dischargeable?
THE client is 66. He purchased a business about 10 years ago for $2 million. He put in $500,000 of his own money and borrowed a $1.5 million small business…
Home health employees are entitled to overtime
Q: I am a registered nurse in the Philippines but I have not yet obtained a license in California. However, I am working as a ‘private nurse’ to a bed-ridden…