Quote:
Originally Posted by BrianL99
That is incorrect and your "facts" about Bankruptcy are incorrect.
IF Medicare has a $360M claim against TVH, it absolutely is an issue in the Bankruptcy.
Your understanding of Bankruptcy, may not be complete. Bankruptcy is not
always a case of actual,
current Liabilities exceeding
Assets, despite the assertions
you and others have made in
this thread.
One does not necessarily have to prove current Liabilities exceed current Assets.
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I stand by my beliefs. Bankruptcy is ONE
issue the court will decide.
Medicare may be listed as a
creditor. Anything involving
incorrect coding, fraud, or whatever is a different court issue..
The judge will decide if the business is bankrupt. Maybe the court will allow assets to remain. Maybe they will not. It is not for us to speculate. In general terms, bankrupt means you do not have enough assets to pay off your debt at this time. Therefore, debt is larger than assets.