Why more seniors are 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…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Read More
Can you be sued for old debts you haven’t paid?
“ One thing that may help you determine if you still have debts in active collection status is by looking at the most recent copy of your credit report and…
Senior needs Chapter 13 relief for $24K credit cards
“ I suggest a Chapter 7 to wipe out all debt. Let the house go if it is not sold, and go look for another residence now that is more…
Transportation workers classified as independent contractors are exempt from arbitration, may sue in court
DOMINIC Oliveira works as a driver for New Prime, Inc., an interstate trucking company. On paper, Mr. Oliveira is not an employee because he signed contracts with New Prime, labeling…
New tax treatment of alimony
THE Tax Cuts and Jobs Act (TCJA) made changes to the tax treatment of divorces and legal separations in 2019 and beyond. Current rules: Under current rules, an individual who…
‘Jollibee vs JoyRulBee,’ JFC takes legal action against Chinese copycat
PHILIPPINES’ Jollibee Foods Corporation (JFC) is planning to take legal action against JoyRulBee in China for trademark infringement after a photo of the latter restaurant — bearing the same store…
Three TCK Students Out to Make a Mark in the Business World
An Indonesian philosophy student, a Japanese business finance student, and a Filipino biochemistry student decide to form a team. What do the three have in common? A penchant for business…
Employer’s attorney who reported undocumented worker to ICE maybe liable for retaliation
“ Arias came to know of these plans. Fearing that he would be deported and separated from his family, Arias suffered anxiety and emotional distress. One month before trial, Arias…
Prospective client refuses to face reality of debt problems
“ There are clients like this who are headstrong in the wrong way and insist on their own kind of justice that has no basis in reality. They’re living in…
Senior wants Chapter 7 to discharge $30K in credit cards
THE client is 64, a young senior. I say young because I consider seniors in their 60s as still active and robust. Except for more white hair, they still feel…
Utility company PG&E to file for bankruptcy
Does not expect customers to experience impact in services CITING potential liabilities from California’s recent wildfires that took place in the last two years, Pacific Gas and Electric (PG&E) said on…
Stuck in debt: Don’t wait until you lose everything
I KNOW we’ve never met but if you are facing serious debt problems, I know there’s a common concern that people share when they are in your situation. As a…
Remedies for retaliation after whistleblowing on employer misconduct
BRIAN Gruzalski worked as an airplane mechanic for FedEx. Stanley Langevin was his supervisor. Mark Collins was their manager. These three employees sued FedEx claiming that it retaliated against them…
Filipino American Chamber of Commerce of Greater Los Angeles holds gala and induction of board officers
THE Filipino American Chamber of Commerce of Greater Los Angeles on January 5, 2019 welcomed new Board Members Fiona Hilario and Atty. Jay Tiuleco, and Vice President for Marketing…
Embr Wave Bracelet to warm up and cool down crowds at CES 2019
Las Vegas, Nevada– January 10, 2019 – Embr Labs, the first company to make temperature personal, is now at CES 2019 in Las Vegas to demonstrate its flagship product the…
New CTA International Ranking Lists 16 Countries Leading in Innovation Friendliness
Las Vegas, NV – January 8, 2019 -During the Consumer Technology Association (CTA) State of the Industry Address at CES® 2019, CTA announced 16 out of 61 countries are leading…
CES 2019 Opens with Transformative Tech That Will Change Lives
Las Vegas, January 8, 2019 – CES® 2019 opens today, unveiling the latest transformative technologies that will redefine industries, improve lives and solve some of today’s most pressing global challenges….
Dealing with sexual harassment and retaliation at work
“ A hostile environment is created when unwelcome sexual conduct unreasonably interferes with an individual’s job performance or creates an intimidating, hostile or offensive working environment. Even if there is…
Break the shackles of debt in 2019
“ Yes, your credit score increases yearly after bankruptcy and you do get new credit cards and new credit lines. I just suggest that you pay off the cards completely…
Stock market benchmark indices
IF you plan to trade stocks, it helps to get an understanding of basic terms that are mentioned frequently on TV, radio, and social media. There are three major indices:…
Are you feeling hopelessly stuck in debt?
A LOT of people who consult with me about their debt problems are going through the worst time of their lives. Unlike other problems in life that sometimes just go…
Legal financial plastic surgery
FIRST of all, let me wish everyone a MERRY CHRISTMAS! We celebrate the birth of our Lord and Savior, Jesus Christ. The divine became human as an expression of God’s…
Important new legal protections for employees in 2018
HERE are some important laws that were created or that took effect in California in 2018 to continue to protect employees: CA Supreme Court Tightens Laws on Independent Contractor Misclassification…
How to lose money in the stock market (Part 2 of 4)
Allow Your Emotions to Drive Your Trades: Remember the internet dot-com bubble in the 1990s? Many of these companies lacked fundamentals. Investors, afraid of missing out, joined the buying frenzy….
Delinquent tax debt could mean revocation of your passport
IN February 2018, the IRS started certification of individuals with delinquent tax debt to the State Department. How will the IRS certification impact you? • Upon receipt of certification. The…
How to lose money in the stock market
(Part 1 of 4) LISTEN to friends and neighbors: Your friend had just hit the big time with a red-hot stock tip. This is big money. Mucho dinero. You follow…
Senior needs Chapter 13 relief for $24K credit cards
THE client is 65. She still works middle management and earns $37,000 yearly. Although she is married, I would say that she has some kind of money agreement with her…
Are you feeling the burden of excessive credit card debt?
WITH credit card debt approaching $1 trillion according to the Federal Reserve, there is no doubt that thousands and thousands of families who can’t pay their credit card debts are…
CCYP, Asian Journal partner for the 2019 Asian American Expo
LUNAR New Year is upon us, so the Asian Journal is proud to announce that it is partnering up with CCYP Media Network for the exciting 2019 Asian American Expo…
What’s new: Year-end review and planning
1. TAX identity theft is a significant threat. Fraudsters are more sophisticated and large breaches happening so frequently like the 2017 Equifax incident which affected many Americans, so beware if…