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10-12-2020 , 05:43 PM
I just want to say, if you're thinking of starting law school online, don't.
The social aspect was the only thing that made it bearable sometimes.
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10-13-2020 , 09:20 AM
Is this something people are actually seriously doing now?
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10-13-2020 , 12:48 PM
I have a student working for me now who is virtual LS due to COVID. Seems absolutely miserable. Sorry if you're doing school virtually now, hang in there.
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06-28-2021 , 08:41 PM
I almost started MBA but lucked out with a boutique investment bank that will give me some credit for years as tax consultant (HR said I'm coming in as something like 1.5th/2nd year analyst, like undergrad).

~90k base, and expected bonus is like 50-60.

I think I'm a favorite to get a consulting job from at least one of LEK/AT Kearney/Bain as well, just because I think I did well with last round interviews. These positions will be maybe 90k base + (10 to 30k bonus) so pay sucks but experience may be better for long term. Bain would be more, but not by that much and still significantly less than banking.

I was getting similar interviews before Covid started and the firms just ghosted me. Now hopefully I can finally GTFO of tax, and law.
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08-04-2022 , 05:05 PM
Reviving this thread since I'm curious about something that has come up. Any Florida family law lawyers? Recently someone I know sent me some lawyer websites that say educational debt during the marriage is considered a marital debt, so at divorce both are responsible even if only one person incurred it. Also, it's not an assert so the one who didn't get the education doesn't get to claim part of the income from the other one after the divorce. Apparently this is statutory it looks like.

So example, married couple. Husband goes to med school and incurs $400K of debt. They divorce during his last year of residency. She's on the hook for $200K (plus interest) but doesn't get some of his extra salary.

This seems beyond unfair to me and definitely wouldn't fly in Maryland where I'm barred. Is there more to this?
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08-04-2022 , 07:33 PM
Quote:
Originally Posted by Dave D
Reviving this thread since I'm curious about something that has come up. Any Florida family law lawyers? Recently someone I know sent me some lawyer websites that say educational debt during the marriage is considered a marital debt, so at divorce both are responsible even if only one person incurred it. Also, it's not an assert so the one who didn't get the education doesn't get to claim part of the income from the other one after the divorce. Apparently this is statutory it looks like.



So example, married couple. Husband goes to med school and incurs $400K of debt. They divorce during his last year of residency. She's on the hook for $200K (plus interest) but doesn't get some of his extra salary.



This seems beyond unfair to me and definitely wouldn't fly in Maryland where I'm barred. Is there more to this?
I'm a former Florida lawyer & current Nevada family law attorney - so not really an expert on this more than tangentially.

In NV student loan debt is separate debt, but I'm pretty sure you are correct that in FL all debts, including student loan debts, incurred during the marriage are marital debts.

The FL judge may, in their discretion, make an unequal distribution of the debt if the financial situations of the parties so dictates, but the judge isn't obligated to.
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08-04-2022 , 10:26 PM
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Originally Posted by JMurder3
I'm a former Florida lawyer & current Nevada family law attorney - so not really an expert on this more than tangentially.

In NV student loan debt is separate debt, but I'm pretty sure you are correct that in FL all debts, including student loan debts, incurred during the marriage are marital debts.

The FL judge may, in their discretion, make an unequal distribution of the debt if the financial situations of the parties so dictates, but the judge isn't obligated to.
I mean I'd be fine with it being split up equally as debt, but then she should get a share of his income to pay it off with too. I know someone going through this now, although it's only the last semester and he keeps threatening her that he's going to go after her for the one semester, for her to pay half.

Related, another friend of mine in Florida has been holding out for the 17 years when you get permanent alimony. This seems statutory, if the marriage is 17 years you get permanent alimony, doesn't matter if she can work or whatever. They almost changed this rule to a formula, but DeSantis vetoed. Now she is told by her lawyer that she may not get it and they aren't going to try for permanent. The rule seems pretty clear cut, 17 years, you get it. How do judges get around this? She mentioned that her lawyer said the income earner will often drag this out for 5 years or whatever, so just not worth it. I wasn't 100% clear if she meant her lawyer said she isn't a good candidate for it, or just that it's not practical to try.
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08-05-2022 , 12:21 PM
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Originally Posted by Dave D
I mean I'd be fine with it being split up equally as debt, but then she should get a share of his income to pay it off with too. I know someone going through this now, although it's only the last semester and he keeps threatening her that he's going to go after her for the one semester, for her to pay half.



Related, another friend of mine in Florida has been holding out for the 17 years when you get permanent alimony. This seems statutory, if the marriage is 17 years you get permanent alimony, doesn't matter if she can work or whatever. They almost changed this rule to a formula, but DeSantis vetoed. Now she is told by her lawyer that she may not get it and they aren't going to try for permanent. The rule seems pretty clear cut, 17 years, you get it. How do judges get around this? She mentioned that her lawyer said the income earner will often drag this out for 5 years or whatever, so just not worth it. I wasn't 100% clear if she meant her lawyer said she isn't a good candidate for it, or just that it's not practical to try.
I understand your argument, but debt is divided along with assets & income/alimony is its own separate deal pretty much always/everywhere.

Can't speak to the 17 year thing. A blanket rule like that which doesn't factor in age/earning capacity/etc. is a pretty terrible rule, buuuut it's Florida.
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08-05-2022 , 06:00 PM
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Originally Posted by JMurder3
I understand your argument, but debt is divided along with assets & income/alimony is its own separate deal pretty much always/everywhere.

Can't speak to the 17 year thing. A blanket rule like that which doesn't factor in age/earning capacity/etc. is a pretty terrible rule, buuuut it's Florida.
Yeah not giving you a hard time or anything but this wouldn't work this way in Maryland. Just talked to a friend of mine who has multiple cases like this. It's a marital debt, but it's a court of equity. If you make one party pay the debt they also have to have an interest in it. In the cases he has had the one who took out the debt took it on rather than try to figure out the interest.
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