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During the existing economic downturn, there has been much litigation seeking downward modification of support orders in New York. The standard for support modification in that state depends upon whether the order is the product of agreement or trial determination and whether or not the order is for child support or spousal support. (As this article seeks to examine “change in circumstances” applications resulting from recent economic events, it does not address any other basis upon which modification made be made.) While such applications have been historically difficult to win, legitimately suffering payors, thinking that job losses and reduced incomes would be the ticket for success, have nevertheless found the court continually reluctant to grant relief. Some recent decisions decided by the appellate courts on applications made prior to the recession, and lower court decisions which have considered its effect, have been consistent in denying relief. This two-part article discusses the trend in New York and other states to deny downward modifications.
Agreement vs. Order-Based Support
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.