Examlex
Which of the following would not qualify as a planning assumption for next year's operations?
Alimony
Financial support paid by one former spouse to another after divorce or separation, intended to provide for the recipient's needs.
Child Support
Child support refers to periodic payments made by a parent for the financial benefit of a child following the end of a marriage or other relationship, aimed at covering living expenses and needs of the child.
Chapter 7 Bankruptcy
This type of bankruptcy involves the liquidation of a debtor's assets to pay off creditors. It is the simplest and fastest form of bankruptcy and is available to individuals, married couples, corporations, and partnerships.
Special Bankruptcy Courts
Courts that specifically handle bankruptcy cases, part of the U.S. federal court system, dedicated to managing and adjudicating bankruptcy filings.
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