[margaretmattson]

Originally Posted by BrianL99

Here you go. Now you know everything the Morse Family owns, as of 12/31/2023.

https://www.atlantafed.org/-/media/d...12315_2023.pdf

This information will not change the fact that a court document required Parr to give proper accounting of money received from this business. This due diligence eases my mind. After the verdict, there will be no unanswered questions. Personally, I am hoping all is legit and health care will not be interrupted. I do not believe many Villagers want the opposite.

[golfing eagles]

Originally Posted by margaretmattson

The name Parr was mentioned in a court document. She is a member of the Morse Family.I have not seen any individual doctors named in the court documents. I believe it IS YOU who is conflating. Bankruptcy filing has nothing to do with incorrect medical coding. They are different issues. Again, to legally prove bankruptcy, you must have more debt than assets. Nothing more! Simply provide the court DEBTS AND ASSETS. And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family.

No, I'M the person who has stated all along that the alleged overbilling is a completely different issue form the bankruptcy filing. Get your facts straight before posting nonsense. I also stated that while The Villages Holding Co. owns 60% of TVH, that it is unlikely they are making day to day decisions. I also read the document. They order is to disclose all assets of TVH. And The Villages Holding Co. makes that information public. I very much doubt they could get a listing of all the Morse family's personal assets---it would be massive judicial overreach especially in a bankruptcy case, and met by a ton of legal objections by their lawyers. However, you never know what a judge will do. But thanks for letting me know that a person or business is bankrupt when their debt exceeds their assets---I had no idea that was the case before you "educated" me L

[margaretmattson]

Originally Posted by golfing eagles

No, I'M the person who has stated all along that the alleged overbilling is a completely different issue form the bankruptcy filing. Get your facts straight before posting nonsense. I also stated that while The Villages Holding Co.
owns 60% of TVH, that it is
unlikely they are making day to
day decisions. I also read the
document. They order is to
disclose all assets of TVH.
And The Villages Holding Co.
makes that information public.
I very much doubt they could
get a listing of all the Morse
family's personal assets---it
would be massive judicial
overreach especially in a
bankruptcy case, and met by a
ton of legal objections by their
lawyers. However, you never
know what a judge will do. But
thanks for letting me know
that a person or business is
bankrupt when their debt
exceeds their assets---I had no
idea that was the case before
you "educated" me L

You stated I was conflating the issue. By typing those words, it appeared that you believe I am uneducated. I merely stated the facts about bankruptcy. Great! My words matched yours. What's your problem with that? I also stated there was indeed a mention of the Morse family in the court documents. Fact!

By the way, I never would think a court would look into personal assets when overseeing a BUSINESS bankruptcy. Two different issues. I stated Parr was required to provide accurate accounting of money received FROM THIS BUSINESS. But, I do not see a reason to argue. I think we both want healthcare to remain uninterrupted. This is what matters most.

[dewilson58]

Originally Posted by margaretmattson

By the way, I never would think a court would look into personal assets when overseeing a BUSINESS bankruptcy. Two different issues. I stated Parr was required to provide accurate accounting of money received FROM THIS BUSINESS. But, I do not see a reason to argue. I think we both want healthcare to remain uninterrupted. This is what matters most.

"And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family."

Sounds like personal assets.

[BrianL99]

Originally Posted by golfing eagles

No, I'M
But thanks for letting me know that a person or business is bankrupt when their debt exceeds their assets---I had no idea that was the case before you "educated" me L

The education one receives on TOTV is amazing. Who would have known?

[margaretmattson]

Originally Posted by dewilson58

"And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family."

Sounds like personal assets.

Exactly! Large or small assets FROM THIS BUSINESS. Geez!

[BrianL99]

Originally Posted by margaretmattson

By the way, I never would think a court would look into personal assets when overseeing a BUSINESS bankruptcy. Two different issues. I stated Parr was required to provide accurate accounting of money received FROM THIS BUSINESS. But, I do not see a reason to argue. I think we both want healthcare to remain uninterrupted. This is what matters most.

Originally Posted by dewilson58

"And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family."

Sounds like personal assets.

The post that contained the noted text, was edited to remove the references to "all the Morse Family assets".

It's unfortunate that the Forum software, doesn't allow readers to see specific edits, it only notes that a post was edited.

[dewilson58]

Originally Posted by margaretmattson

Exactly! Large or small assets FROM THIS BUSINESS. Geez!

Nice try.

Your statement, "And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family,"

By definition............you have included assets "outside this business".

"owned by the family"...............this includes various companies, houses, boats, cars, etc..

Geez.

[margaretmattson]

Originally Posted by BrianL99

The education one receives on TOTV is amazing. Who would have known?

At least I did not write paragraph after paragraph on incorrect medical coding. Which has absolutely NOTHING to do with a bankruptcy filing. Why didn't you attack GE? Afraid he will deflate you with his words? Yes, indeed, we do get an education on TOTV.

[margaretmattson]

Originally Posted by dewilson58

Nice try.

Your statement, "And YES! The court will absolutely require ALL ASSETS be accounted. Including any owned, large or small, by the Morse Family,"

By definition............you have
included assets "outside this
business".

"owned by the family"...............this includes various companies, houses, boats, cars, etc..

Geez.

If you read my other posts, you would see I typed the words FROM THIS BUSINESS. But, I don't want argue. See it as you like.

[golfing eagles]

Originally Posted by margaretmattson

You stated I was conflating the issue. By typing those words, it appeared that you believe I am uneducated. I merely stated the facts about bankruptcy. Great! My words matched yours. What's your problem with that? I also stated there was indeed a mention of the Morse family in the court documents. Fact!

By the way, I never would think a court would look into personal assets when overseeing a BUSINESS bankruptcy. Two different issues. I stated Parr was required to provide accurate accounting of money received FROM THIS BUSINESS. But, I do not see a reason to argue. I think we both want healthcare to remain uninterrupted. This is what matters most.

I think we both can agree on that. Common ground---it's not that hard

[BrianL99]

Originally Posted by margaretmattson

To prove you are bankrupt, you must have more debt than assets.

Originally Posted by margaretmattson

. Again, to legally prove bankruptcy, you must have more debt than assets. Nothing more! Simply provide the court DEBTS AND ASSETS..

Originally Posted by margaretmattson

It is common knowledge. In order to prove bankruptcy, you must have more debts than assets. .

Originally Posted by margaretmattson

You stated I was conflating the issue. By typing those words, it appeared that you believe I am uneducated. I merely stated the facts about bankruptcy.

Originally Posted by margaretmattson

At least I did not write paragraph after paragraph on incorrect medical coding. Which has absolutely NOTHING to do with a bankruptcy filing. .

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.

[margaretmattson]

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.

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.

[Normal]

Pecuniary intent wouldn’t need to be proven for board members on the Villages Health, but the audits will be indicative of increases of income and concurrent distributions to its members. The audits will lineate or pinpoint decisions and time frames made by its board and the flow of money. It should be interesting to see the testimony and the review of minutes from the board after the proceedings.

If decisions were made, and the aftermath saw increases in disbursements to board members, there will be big problems. People won’t only be losing their capital, but could also be going to jail.

[Aces4]

Originally Posted by Normal

Pecuniary intent wouldn’t need to be proven for board members on the Villages Health, but the audits will be indicative of increases of income and concurrent distributions to its members. The audits will lineate or pinpoint decisions and time frames made by its board and the flow of money. It should be interesting to see the testimony and the review of minutes from the board after the proceedings.

If decisions were made, and the aftermath saw increases in disbursements to board members, there will be big problems. People won’t only be losing their capital, but could also be going to jail.

Now, now, don't worry. According to some here it was just a boo-boo where hundreds of millions of dollars were siphoned away from taxpayers and paid for the benefit of TVH system. Accidents happen, no one is to blame, look the other way and keep truckin.