Buchanan Shareholder Barry I. Slotnick Quoted in CNBC on New Marriage Law in New York City

Buchanan Shareholder Barry I. Slotnick was quoted in a CNBC article on a new law that will take effect in January in New York City. The new law establishes a formula for maintenance, or alimony payments.

According the to article, beginning January 25, "the income that can be considered for determining spousal support will be capped at $175,000, down from $524,000."

"I think it personally favors the monied party," Slotnick told the publication. "If you are the monied party you want to stall the filing, if you are the non-monied party, you want to go ahead and get it filed." 

Read the full article - "It's a Great Time to Get Divorced" (CNBC, December 4, 2015)