3 Factors Courts Consider When Calculating Alimony Payments

Alimony is one of the most important issues in divorce. When calculating alimony payments, the judge takes into consideration the length of the marriage and the respective incomes of the spouses. The final amount is determined by other circumstances that are relevant to that particular case. Then the judge decides how long you will make those payments. Here are 3 factors courts consider when calculating alimony payments. 1. Need for Alimony ...
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A Brief Overview of the Foreclosure Discovery Process

Discovery is a crucial weapon against the banks, when they are looking to acquire your home through foreclosure. It entails requesting information that is relevant to the lawsuit from the other party, including any evidence they have that suggests they are entitled to your home. Here is a brief overview of the foreclosure discovery process. Types of Discovery 1. Interrogatories – these are general questions you ask the bank. For example, ...
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A Brief Overview of Emergency Bankruptcy

If you need to stop an impending creditor action fast, you can file for chapter 7 or 13 bankruptcy. Doing this will trigger an order for automatic stay from the court, subsequently prohibiting creditors from collecting your assets (with certain exceptions). However, filing for bankruptcy is not a quick process and you could incur heavy losses by the time the order is given. This is where emergency bankruptcy comes into play. How Emergency ...
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Understanding Motions of Contempt

If you fail to comply with a court order, you can be held in contempt of court. In family law, a motion of contempt is a request to the court to enforce the terms of a prior court order for issues with things like spousal support, child support, and visitation. Here is everything you need to know about these motions in Florida. The Basic Rules Motions of contempt can be caused as a result of either a person’s action or inaction. The basic ...
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Understanding the Difference Between Surety and Fidelity Bonds

Bonds are versatile financial instruments that can be issued by federal institutions, state governments, and even companies as a security or financing source. The issuance of a bond represents an obligation to repay a certain amount of money over a period of time - sometimes with interest - that the issuing entity has towards the person or organization buying the bond. If bonds are released as a means to raise money - for example, for investment ...
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4 Things Florida Courts Consider as Part of the Child’s Best Interests

Virtually every child custody decision is based on the child’s best interests. This means that the judge uses a number of factors to determine custody arrangements. These factors vary from state to state, since child custody cases are handled slightly differently in every state. Here are 4 things Florida courts consider as part of the child’s best interests. 1. Emotional and Developmental Needs Parents are expected to put their children’s ...
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3 Scenarios Where a Modification Might Be Necessary

After finalizing your divorce, there is no other option but to pick up the pieces and move on to better things. Unfortunately, life is not perfect and there are certain situations that may force you to revisit the terms of your divorce agreement with your ex sometime in the future. Perhaps your employer has suffered financial hardship and has to re-evaluate everyone’s salary or the children’s needs have increased considerably since your last ...
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“I’m Underwater on My Mortgage. What Are My Options?”

Buying a house is one of the most important decisions you'll ever make. A home gives you shelter and a place to raise a family. The quandary is that most of us cannot afford to make a lump sum payment on this investment, and so we choose the seemingly more convenient alternative – a mortgage. But what happens when everything falls apart along the way and your loan surpasses the current value of your home? Do you abandon ship or ignore the ...
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6 Tips for Managing Divorce Stress

Divorce is a stressful process that has mental and physical ramifications for both parties involved. Negative emotions can impact your self-image and outlook on life. Don’t succumb to depression. Instead, follow these six tips for managing divorce stress. 1.  Stay Active Exercise and physical activity can help relieve stress and make you less upset, angry, and tense by releasing chemicals in the brain that balance out your mood. Look into ...
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4 Questions to Ask Yourself When Considering Bankruptcy

Getting into difficult financial situations is something that can happen to anyone. Whether it is caused by a job loss, medical issues, unexpected events, or any number of other things, you need to focus on finding the best solution to your situation. For many people, filing for bankruptcy is the ideal way to get their financial situation back in order. If you are considering this option, make sure you ask yourself these four questions before ...
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