May 192015
 
Discharge  the second mortgage and keep the house!

Discharging a Deed of Trust in bankruptcy! A second or third mortgage can be stripped off the title of your home, and discharged as unsecured debt in a chapter 13 bankruptcy. Imagine, your house is worth less than you owe, and now you can strip part of what you owe and still keep the property. Yes, it’s true. Liens can be stripped off of the debtor’s assets in Chapter 13 when the property is upside down, and the fair market value does not cover secondary liens. Section 506 of the Bankruptcy Code acknowledges that a lien is only a secured claim to the extent there is value in the asset to which it attaches.  To the extent that the claim exceeds the value of the collateral, that portion of the claim is unsecured. This is really great news. We are stripping liens every day, and returning property value to our clients. Liens secured by vehicles: The most common application of lien stripping is the reduction of car loan liens to the present value of the car.  Thus a lender holding a $12,000 claim secured by a car now worth $10,000 has a secured claim of $10,000 and a unsecured claim for $2,000.  Two thousand dollars of the lien may be stripped off the asset (the car) in a reorganization.  The plan must provide for payment in full of the secured portion of the debt;  the unsecured portion can be paid little or nothing along with other unsecured claims. Recent changes Read More …

May 192015
 
The Nissan Maxima lives up to its four-door sportscar maxim

The 2016 Nissan MaximaThe new car was almost a full second faster than a BMW 328i around the track.©Nissan (Relaxnews) – The latest-generation Maxima sedan bests BMW, Acura and Audi to set the fastest lap time around California’s Buttonwillow Raceway racetrack in tests overseen by AMCI Testin. Nissan is going to extraordinary lengths to underline its new car’s performance credentials. Described by company chairman, Carlos Ghosn as the “four-door sportscar” when it was officially revealed at the New York Autoshow in April, Nissan has now decided to pit its new car against a BMW 3 series and an Audi A4 Quattro to prove that the slogan was more than simply marketing talk. In controlled tests at the Buttonwillow Raceway in southern California the 2016 Maxima SR set the fastest lap — 1:18.50 — around the 1.8-mile West Loop, beating the BMW 328i by almost a full (0.98) second. The car also outperformed the Acura TLX 3.5L V6 Tech by 2.08 seconds and the Audi A4 2.0T Quattro by 2.71 seconds. “We expected the all-new 2016 Maxima, with its re-engineered engine, transmission and chassis to do well, but frankly even we were surprised by the head-to-head test results against some very well-established luxury sports sedans,” said Pierre Loing, vice president, Product Planning, Nissan North America. To ensure that there were no cries of foul play, each of the cars that featured in the challenge was sourced from an authorized dealership and were broken in and prepared, pre-race, in accordance with manufacturers’ guidelines. Read More …

May 192015
 
September 11 museum draws 2.7 million visitors in first year

9/11 Memorial Museum©9/11 Memorial Museum (New York–AFP) – About 2.7 million people have visited the September 11 museum in New York since it opened a year ago, museum officials said on its anniversary. The visitors came from all 50 US states and 150 different countries to tour the National September 11 Memorial Museum in New York, they said. In comparison, New York’s most visited museum, the Metropolitan Museum, welcomed 6.2 million people last year, and the Museum of Modern Art three million. About 4.2 million people visited the Statue of Liberty, a key tourist attraction in the city, during the same period. The September 11 museum, which first opened May 15, 2014 to only locals and the families of the victims, has since hosted President Barack Obama, former president George W. Bush, Britain’s Prince William and his wife Kate, Indian Prime Minister Narendra Modi and Australian Prime Minister Tony Abbott. To mark its first anniversary, the museum — built on the site where the World Trade Center towers once stood in southern Manhattan — opened an exhibit of photographs by Jonathan Hyman called “Beyond Ground Zero.” The show focuses on public tributes paid to the victims and on search and rescue efforts at Ground Zero immediately after the attacks on the Twin Towers. A total of 2,753 people died in the September 11 attacks on New York.

May 192015
 
Govt employees to get productivity bonus starting June — Palace exec

President Benigno S. Aquino III delivers his speech during the Conferment Ceremony at the Reception Hall of the Malacañan Palace on Thursday (May 14, 2015). President Aquino received his Doctor of Humanities degree, Honoris Causa, from Tarlac State University (TSU) president Dr. Myrna Mallari. (MNS Photo) MANILA (Mabuhay) — Government employees will soon get their Productivity Enhancement Incentive (PEI) bonuses, after President Benigno Aquino III signed an executive order to the effect, Malacañang said Saturday. Presidential Communications Operations Office head Herminio Coloma Jr. said Aquino signed Executive Order 181, where the payment will be released starting June 1. He said “the one-time grant of the PEI (is) equivalent to either P5,000 or one month basic salary as of 31 May 2015.” It covers government employees from: – national government agencies – Congress – Judiciary – Civil Service Commission – Commission on Elections – Office of the Ombudsman – Government-owned or controlled corporations – local water districts – government financial institutions – local government units Conditions Deputy presidential spokesperson Abigail Valte said on government-run dzRB radio the one-time grant of the PEI equivalent to one month’s salary is for agencies that have complied with requirements on performance. “(K)ailanganng ma-meet ng mga agencies ‘yung mga sumusunod na requirement para makapagbigay sila ng one-time PEI equivalent to one-month basic salary,” she said, adding these include: – achievement of at least 90 percent of their fiscal year 2014 target under at least two performance indicators for at least one major final output under operations Read More …

May 152015
 
Awesome Raptors, T-Rex, Waterworld: A ‘must see’ at Universal

It’s been awhile since this author last joined the studio tours at the famous Univeral Studios Hollywood. But as luck would have it, my son and his family asked me to join them at the theme park, along with a season pass on Mother’s Day. I wasn’t too surprised to see a lot of families doing the same thing on this special day. What amazed me were the awesome attractions added since we were last there sometime back. My grandson opted to stay behind with my son and not go through the Backlot Studio Tour as he knew he might get “devoured by the Raptors” during the tour. The tram ride offered something new, with TV talk show host, Jimmy Fallon welcoming all of us on an HD monitor and impressing us with his friendly narration, though there are still live tour guides who could be seen throughout the trams through video screens. We went through the theme park’s backlot where numerous films were made including Skull Island, used in the film “Jaws” and the “Collapsing Bridge” now used for the new King Kong 3-D attraction, to the “Parting of the Sea” scene used during filming of “The Ten Commnadments”, to the “Spanish” area where there’s sudden flash floods, to the ‘New York” facade street where gangster movies were filmed on Courthouse Square and to the European area where films such as “Casablanca” were shot. Further, we passed by various muscle cars used in the “Fast & Furious” movies and next, we were awed by the Read More …

May 152015
 
Aegis to perform in concert, Sept. 19 at Pala

Aegis PALA, CA  – AEGIS, one of the Philippines’ top pop rock and pinoy rock groups, will perform in concert at 7 p.m., Saturday, September 19, in Club Infinity at Pala Casino Spa & Resort. AEGIS was formed in 1995 and has topped the Filipino charts with “Luha” (Tears), “Halik” (Kiss) and “Basang-basa sa Ulan” (Drenched in the Rain.” AEGIS 7 p.m., Saturday, September 19 Club Infinity Pala Casino Spa & Resort Tickets: $98, $78 Tickets go on sale at 10 a.m., Friday, May 15, with no service charge, at the Pala Box Office in the casino, or call 1-877-WIN PALA (1-877-946-7252).  Tickets also are available at Star Tickets, 1-800-585-3737, or www.startickets.com. Pala is located in Northern San Diego County; from San Diego/Riverside, take I-15 to Highway 76 east five miles; from Los Angeles County and Orange County, take I-5 south to Highway 76 east, then travel 23 miles.  Pala is 15 miles north of Escondido, 12 miles south of Temecula. Address: 11154 Highway 76, Pala, CA 92059 Telephone: 1-877-WIN-PALA (1-877-946-7252) Web site: http://www.palacasino.com Additional Shows Coming to Pala and the new Starlight Theater: Two of Southern California’s top tribute bands, Queen Nation, a tribute to Queen, and Zeppelin USA, a tribute to Led Zeppelin, will christen the new venue on opening night at 7:30 p.m., Saturday, May 23.  Tickets are $12 in advance and $14 the day of the show. The schedule includes: Creedence Clearwater Revisited, a tribute to Creedence Clearwater, 8 p.m., Friday, May 29.  Tickets, $50. $45, Read More …

May 152015
 
Binay will back out from the 2016 presidential race, assures Trillanes

MAKATI PARKING BUILDING PROBE: Senator Koko Pimentel(right), chair of the Senate Blue Ribbon Subcommittee investigating the alleged overpricing of the Makati Parking Building II, and Senator Antonio Trillanes IV (left) discuss the alleged irregular transactions reportedly entered into by the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG Fund under the leadership of Vice President Jejomar Binay. During the hearing, Trillanes said Pag-IBIG granted “developmental loans” to four developers who were allegedly close to Binay. The Binay camp has denied the allegation. (MNS photo) MANILA (Mabuhay) – Now the cat is out of the bag, Senator Antonio Trillanes IV is almost certain that Vice President Jejomar Binay will back out from the presidential race in 2016. “Tapos na ang boksing. Kahit magaling sila magsinungaling, hindi na nila kayang lusutan ito (Game is over. Even if they’re good in lying, they can’t get out of this),” Trillanes said in a text message to reporters on Thursday. “Ngayon, kung umatras sya sa kanyang kandidatura, mas makakapamili ang mga Pilipino kung sino ang karapatdapat mamuno sa ating bansa na walang pangamba na maaring may mahalal muli na isang mandarambong (Now if he’s going to withdraw his candidacy, the Filipino people can choose who is the right leader for the country, without worries that the one who will be elected is a thief),” he said. The senator issued the statement after the media reported the purported report of the Anti-Money Laundering Council (AMLC), which supposedly indicated that a a total of P11 Read More …