Got debt but feeling ashamed to get help?
IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Will The New Year Resolve Conflicts In The Family Business?
By: Prof. Enrique Soriano “With great enthusiasm, family businesses always look forward to a wish list of New Year’s resolutions and good intentions. But in a relatively short period of…
Client chooses between chapter 11 and chapter 7 because of $1.0M judgment
“ If client no longer wants to continue doing business, the best option is Chapter 7. In Chapter 7, all claims against the company, including the judgment of $1.0M will…
Year 2015 in review: Developments in employment laws
THE year 2015 has been an interesting time for employment law, with the legislature and the courts defining additional protections to employees. The following are some of the new laws…
Chapter 13: How you can pay creditors only what you can afford
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit…
Pregnant? Let’s keep both your mouth and your baby healthy
ARE you pregnant or thinking about becoming pregnant? Do you know someone who is pregnant? While you’re picking out tiny clothes and reading childcare books, remember the importance of your oral health!…
World celebrates the birth of Jesus Christ when God became man
ON Friday, the 25th, the entire Christian world will celebrate the birth of Jesus Christ 2015 years ago. Christmas is the birthday of Jesus who is the manifestation of God’s…
All we want for Christmas is. . . equal pay for equal work
SARAH Wellens works as a sales representative for Daiichi Sankyo, a Japan-based pharmaceutical company with about 3,000 employees in the United States. The company hired Ms. Wellens, an experienced sales…
12 tips about capital gains and losses
1. CAPITAL assets include almost everything you own and use for personal purposes, pleasure or investment. 2. The following are capital assets: your home, household furnishings and stocks held in…
Get out of debt and start saving again in 2016
I KNOW that our economy in the last several years has caused a lot of financial problems for a lot of people. A lot of families are struggling financially every…
Payroll debit cards: What employees should know
Q: EVERY pay period, I receive a check from my employer for my wages. Recently, there is news at work that our company will be requiring employees to receive our…
Do you dream of having a debt-free life?
A DEBT-free life is something that a lot of people aspire to have. And yet it is a known fact that sadly, many will never attain it because of their…
How a little sunshine helps our teeth
WHO doesn’t love a little sunshine? Not only does it feel fantastic, but it also has numerous health benefits. Sunshine improves our mood, our immune functions, and catalyzes vitamin D production in…
IRS seeks to dismiss client’s chapter 13
Client with good income wants chapter 7 to discharge $70K credit cards NO one has anything good to say about the IRS. Tax collectors were much hated even during the time…
Misclassification of workers is a form of wage theft
THIS column has often stressed the general rule that most employees should be paid overtime rate if they work more than 8 hours per day or 40 hours per week….
Do you qualify for earned income credit?
HERE are the top 10 things the Internal Revenue Service wants you to know about this valuable credit: 1. If you qualify, it could be worth up to $6,143 this…
Bankruptcy: leave your debt troubles behind in 2015
FILING Bankruptcy is a serious decision for most people. Most don’t have a clue about how the process works until they actually consult with an attorney. Confusion often results from…
Single mom with conditional loan modification seeks chapter 13 relief to stop foreclosure
CLIENT is 53. She has two sons who are just entering college. She divorced ten years ago. Ex-husband does not pay spousal or child support but left her with the…
Online shoppers beware: Advertised prices may be different from what you’re paying
IN February 2011, Michael Rodman signed up on Safeway.com to buy his groceries online and have them delivered to his home for an additional delivery fee and fuel surcharge. After…
10 tips on excluding gain from the sale of your home
• AMOUNT of exclusion. When you have gain from the sale of your home, you may be able to exclude up to $250,000 of the gain from your income. The…
4 ways to get out of debt
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…
I owe the IRS – what can I do?
HERE 10 tips if you owe but cannot immediately pay the IRS: • Pay What You Can: Pay promptly to stop additional penalties and interest from accruing. If you are…
Considerations for dental patients with special needs
FOR both children and adults with special needs, dental care can be challenging. In some cases, limited coordination can make brushing and flossing tricky. In other cases there may be…
Clients with long pending loan modifications that do not stop foreclosure resort to Chapter 13
“ Chapter 13 does not exclude or kill the loan modification process. In fact, Chapter 13 enhances debtor’s chances of successfully resolving her claim of fraud with the bank. Under…
Can your employer fire you if you are not ‘100% healthy to work’?
RAYMOND Adame was a machine mechanic for Alcoa Fastening Systems and has worked there for more than 30 years. He was seriously injured at work and had to take a…
Do you feel like you’re stuck in debt forever?
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…
Clients with very large default on mortgage seek to save house by Chapter 13
Practically everyone knows that the good times of loan modification are going to end next year. Loan modifications under HAMP are set to expire December 31, 2016 after several extensions….
When should ‘commute time’ for work be paid?
It is common for field workers like service technicians to drive company vehicles to the customer’s home or place of business to service or install a product. Generally, an employee’s…
10 tips on child/dependent care
IF you paid someone to care for your child, spouse, or dependent, you may be able to claim the Child and Dependent Care Credit on your federal income tax return….
What to do before debt problems ruin your life
Are you facing a mountain of debt and don’t know what to do in order to avoid getting buried? Debt problems can wreak havoc on your personal life in many…