Quote:
Originally Posted by Rainger99
Does anyone know if TVH owes any money to Medicare? Or to anyone else? Or has that all been canceled? If not, does anyone know what the next step is for Medicare, UHC, Florida Blue, and other creditors?
|
Everyone stands in line, behind secure creditors. I have no idea who they are, but I'm sure they're listed on the BK filing.
Every one gets in line behind the secured creditors and the Government stands at the head of that line (in most instances).
I doubt fines or penalties (if imposed for any reason) get the same priority as "claw back", but I'm not sure.
The guys who delivered the coffee & donuts won't get paid. Miscellaneous suppliers, like disposables, stationary, trash can liners ... probably won't get paid a dime.
Medicare, UHC & Florida Blue are likely unsecured creditors. The stand in line.
I think we have a ways to go, before anyone has a clue where the proceeds of the sale are going to go. The judge will likely slow down disbursement to anyone he can put off, to see which way the wind in blowing with Medicare. Medicare also may be able to intervene in this case.
*I'm not a lawyer. I have a reasonable amount of experience with bankruptcies and asset sales, but there's plenty I don't know.*