Without actually seeing your document, it's hard to suggest a solution for the first. It sounds like your footnote text not only has the option to keep all lines together, but also Keep with Next.
The 2nd problem is easy solved, though. This is *the same* as it works in CS4. In the Footnote Options dialog, you see the options for the rule On First Page, but the little drop down selector allows you access to On Next Pages as well. It works the same as with Paragraph Rules -- one dialog, but the dropdown determines which settings you change.
Thanks for your answer.
First problem: I checked this, there is no difference when I uncheck the Keep Lines Together option. As for the Keep with Next option, I couldn't even imagine what would happen with 700 footnotes... Anyway, using the trick I mentioned solves the problem (the first footnote in the paragraph splits correctly over two pages).
Second problem: Strange - I have a Dutch language version and I can't find anything that resembles what you mention (see the image). As you see, there is a dropdown for the usual First baseline options and one for Line above (Lijn boven). In the latter you can only choose between "only a line above the first footnote" (my choice) or "above all footnotes (vervolgvoetnoten)".
Is this different from the English dialog box?
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This is really Jongware's to answer, but as he hasn't appeared I'll say that in my English IDCS5.5, the choices under "Rule Above" are "First Footnote in Column" and "Continued Footnotes," the same as in CS4 and probably earlier.
Problem 2: I must have had a blind spot here, it's working fine now. Sorry for my former reply.