Legal Questions

What is an FMS Contract and a DSP-94

An FMS contract is an agreement between the Unied States and a third party such as a U.S Corporation to provide military related services or goods to foreign countries. In addition to complying with the terms of the contract, the third party must be in compliance with ITAR exporting regulations, which include getting Department of…

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ITAR Law,Uncategorized

I want to sell my business, how do I know what the value is?

The market value of your business is whatever someone is willing to pay for it. However, there are dozens of ways to valuate a business. The most popular ways to valuate a business includes multiplying your net profits by 6 (4-12) is common depending on the business, the business industry, economic growth, and a plethora…

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Business Law

If I file bankruptcy what can it do for me?

Bankruptcy may make it possible for you to: Eliminate the legal obligation to pay most or all of your debts. This is called a “discharge” of debts. It is designed to give you a fresh financial start. Stop foreclosure on your house or mobile home and allow you an opportunity to catch up on missed…

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Bankruptcy Law

Under Florida Law, Can an Individual Forfeit his or her pension as a result of a conviction pursuant to Florida Statute 112.3173(3)

QUESTION PRESENTED             Whether an employee’s benefits under the Florida Retirement System (the “FRS”) may be reinstated after being forfeited pursuant to Florida Statutes Section 112.3173(3) as a result of his or her felony conviction? FACTS             Individual sold on items for personal gain, property owned by the Brevard County…

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Contract Law,Criminal Law,Uncategorized

If I file for Bankruptcy will I lose all my property?

In a chapter 7 case, you can keep all property which the law says is “exempt” from the claims of creditors. provides list of the exemptions available for Florida. In determining whether property is exempt, you must keep a few things in mind. The value of property is not the amount you paid for it,…

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Bankruptcy Law

Is Florida Chapter 7 (Straight Bankruptcy) Bankruptcy Right for Me?

In a bankruptcy case under chapter 7, you file a petition asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property, except for “exempt” property which the law allows you to keep. In most cases, all…

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Bankruptcy Law

Is Florida Chapter 13 bankruptcy (Reorganization) Right for Me?

In a chapter 13 case you file a “plan” showing how you will pay off some of your past-due and current debts over three to five years. The most important thing about a chapter 13 case is that it will allow you to keep valuable property–especially your home and car–which might otherwise be lost, if…

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Bankruptcy Law

Will my student loans be discharged?

Generally, student loans are not discharged in bankruptcy. In 11 U.S.C. sec. 523(a)(8) there are two exceptions to this general rule: The student loan may be discharged if it is neither – Insured or guaranteed by a governmental unit, nor Made under any program funded in whole or in part by a governmental unit or…

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Bankruptcy Law,Uncategorized