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Unlocking Fairness: Exploring the 4 Key Changes to Florida’s New Alimony Law

Florida’s alimony law, Florida Statute §61.08, underwent a significant transformation on July 1, 2023, with the implementation of a revised alimony law. This law introduced changes that impact the way spousal support or alimony is determined, calculated, and awarded in divorce cases throughout the state. This article provides an in-depth look at the key aspects of Florida’s new alimony law, offering insights into its implications and how it may affect individuals involved in divorce proceedings.

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Simplified Business Bankruptcy: Chapter 7 vs. Chapter 11 – Know the Key Differences

Demystifying Business Bankruptcy: Chapter 7 vs. Chapter 11 – Know the Key Differences

If your business is in financial distress, a bankruptcy could be a helpful tool to manage debt and reorganize operations. There are two common bankruptcy options for businesses: Chapter 7 and Chapter 11. Each chapter serves a distinct purpose and comes with its own set of rules and outcomes. This article will address the key differences between Chapter 7 and Chapter 11 bankruptcy, helping businesses understand which option may be more suitable for their financial situation.

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Partition: Can a divorce force you to sell your home?

In a divorce, your home must be dealt with through a process called equitable distribution. In equitable distribution, the house will be awarded to one of the spouses. They transfer the property to you and you pay out your spouse their share of the equity, or vice versa. Alternatively, you could agree to sell the home. In the worst-case scenario, if you cannot agree who gets the home, the court may require the home to be sold through a process called partition. The debts of the marriage will be paid off. If there is any remaining money, it will be split between you and your spouse.

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Off-Limit Benefits: The 5 most common benefits people receive and why they are off-limits in bankruptcy

It is not uncommon that individuals receive benefits from the government. Whether you are receiving social security retirement benefits, social security disability benefits, food stamps, housing or utility vouchers, you may wonder how bankruptcy will affect your benefits. You can rest at ease knowing that your benefits will not be affected by you filing bankruptcy. In most cases, your benefits are off limits.

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