There's been lots of hoopla about the benefits of the Inflation Reduction Act for Medicare and Affordable Care Act enrollees. This presentation addresses how the new law really affects medical expenses which figure into your injury case evaluation.
World’s Influential Leaders Shaping The Future of Insurance Industry, 2023.pdfWorlds Leaders Magazine
David Contorno, Founder & CEO at E Powered Benefits, grace the cover of the renowned World’s Leaders Magazine as one of World's Influential Leaders Shaping The Future of Insurance Industry, 2023
Richard W. Bank, MD, who is 67 years old, draws upon decades of experience in the medical field. Richard W. Bank, MD, is a medical consultant and business veteran who feels strongly that Medicare and Medicaid cuts would have a negative effect on elderly and poor communities.
Healthcare reform post 2016 election platform summary 11 12_2016Mark C. Smith
Citations present the platform's vision and perspective on issues with the Affordable Care Act, outcomes to proposed solutions , and considerations for triple aim as it relates to MACRA, as well as possible areas ACA repeal.
BoyarMiller Breakfast Forum: How will Changing Healthcare Policy Affect your ...BoyarMiller
"Repeal, Replace, Reevaluate. How will Changing Healthcare Policy Affect your Business?"
With so much anticipated change forthcoming in healthcare policy, this outlook can help inform your business priorities for the coming year.
View the full event video and more at: http://www.boyarmiller.com/news-and-publications/events/breakfast-forum-repeal-replace-reevaluate-how-will-changing-healthcare-policy-affect-your-business/
With so much anticipated change forthcoming in healthcare policy, this outloo...Lawrence Wilson
BoyarMiller hosted three industry experts for a moderated discussion to explore the impact of a new administration on the Affordable Care Act (ACA) and how this may affect your business. Speakers included:
•Don Gilbert, Healthcare Consultant & Lobbyist – What are the potential changes and impacts on governmental programs?
•Jim Springfield, Optum – An insurer’s perspective and other challenges around insurance coverage and premiums.
•Kelly Larkin, MD, FACAP, The Larkin Group – A provider’s perspective and challenges around primary care
World’s Influential Leaders Shaping The Future of Insurance Industry, 2023.pdfWorlds Leaders Magazine
David Contorno, Founder & CEO at E Powered Benefits, grace the cover of the renowned World’s Leaders Magazine as one of World's Influential Leaders Shaping The Future of Insurance Industry, 2023
Richard W. Bank, MD, who is 67 years old, draws upon decades of experience in the medical field. Richard W. Bank, MD, is a medical consultant and business veteran who feels strongly that Medicare and Medicaid cuts would have a negative effect on elderly and poor communities.
Healthcare reform post 2016 election platform summary 11 12_2016Mark C. Smith
Citations present the platform's vision and perspective on issues with the Affordable Care Act, outcomes to proposed solutions , and considerations for triple aim as it relates to MACRA, as well as possible areas ACA repeal.
BoyarMiller Breakfast Forum: How will Changing Healthcare Policy Affect your ...BoyarMiller
"Repeal, Replace, Reevaluate. How will Changing Healthcare Policy Affect your Business?"
With so much anticipated change forthcoming in healthcare policy, this outlook can help inform your business priorities for the coming year.
View the full event video and more at: http://www.boyarmiller.com/news-and-publications/events/breakfast-forum-repeal-replace-reevaluate-how-will-changing-healthcare-policy-affect-your-business/
With so much anticipated change forthcoming in healthcare policy, this outloo...Lawrence Wilson
BoyarMiller hosted three industry experts for a moderated discussion to explore the impact of a new administration on the Affordable Care Act (ACA) and how this may affect your business. Speakers included:
•Don Gilbert, Healthcare Consultant & Lobbyist – What are the potential changes and impacts on governmental programs?
•Jim Springfield, Optum – An insurer’s perspective and other challenges around insurance coverage and premiums.
•Kelly Larkin, MD, FACAP, The Larkin Group – A provider’s perspective and challenges around primary care
Managing Insurance Coverages & Costs – Your Hands Aren’t TiedCBIZ, Inc.
No surprise to anyone, the pandemic, civil unrest, economic uncertainty and an abundance of disastrous weather events influenced losses of over $1 billion in 2020, accelerating an already hardening insurance marketplace – one that is less friendly to insurance buyers. You can expect double digit increases at renewal – but your hands aren’t tied. In this article, CBIZ Insurance Services provides a 2021 Trends Alert and suggests how you can manage your risk profile to achieve your lowest cost of risk.
Will New Healthcare Policy Impact Value-Based Healthcare?Health Catalyst
The final days of 2016 were fraught with uncertainty about what Congress and the new Trump Administration would do to the Affordable Care Act (ACA) and the healthcare regulatory landscape overall. So far, in 2017, we do not have much more clarity. Repeal, repeal and replace, repeal and delay, modify without repeal—there are now even more questions than answers and still no consensus Republican plan in sight. Yet healthcare executives would certainly appreciate some modicum of clarity, at least on the narrower topic of whether the shift to value-based healthcare models will continue under whatever new system is coming. This webinar attempts to add clarity by analyzing what we know so far, as reflected in the limited actual evidence that is available.
Join Dan Orenstein, General Counsel, Health Catalyst, as he analyzes these three key pieces of information:
The 21st Century Cures Act (Cures)
The Executive Order on reducing the “burden” of the Affordable Care Act (ACA)
Tom Price’s comments at his confirmation hearings
Chapter 10
Health Reform in the United States
Chapter OverviewDiscusses the history of health reform in the United States and details the key provisions of the Affordable Care Act (ACA)Focuses on:Previous attempts at national health reformWhy health reform is difficult to achieveThe passage and provisions of the ACA
*
Health ReformThere have been numerous health reform attempts in the United States.Prior to 2010, all attempts at national health reform to create universal or near-universal coverage have failedSome successes at the state level
Health Reform—Difficulty of Reform in the United StatesIndividualistic cultureDislike of big governmentLack of consensus Federal system rules and structure make it difficult to achieve major reformStates generally home to social welfare issuesPowerful interest groups against national health reformPath dependency
Health Reform—Key Failed Attempts at National Health Reform1912 Progressive Party candidate Teddy Roosevelt supported social insurance platform that included health insurance1915 American Association for Labor Legislation proposal for working-class health insurancePresident Truman supported national health reform upon taking office, won re-election on national health insurance platform in 1948President Nixon: initial health reform proposal in 1969 and revised proposal in 1972President Clinton Health Security Act in 1993
*
The Affordable Care Act
(1 of 3)Why did the ACA pass when so many prior attempts had failed?Commitment and leadershipLearned lessons from past failuresPolitical pragmatism
The Affordable Care Act
(2 of 3)Individual mandate—most people have to purchase health insurance or pay a penalty starting in 2014Exemptions for certain populations and based on affordabilityPenalty for individual mandate repealed in 2017 Tax Cut and Jobs ActControversyToo much government interference in private lives?Constitutional?
The Affordable Care Act
(3 of 3)State Health Insurance ExchangesAmerican Health Benefit Exchanges for individualsSmall Business Health Options program for small businessesEffectively ended in 2018; may be revisedMust offer essential health benefits (abortion compromise)Four cost levels for plans based on actuarial value
ACA: Premium and Cost Sharing SubsidiesPremium tax credits available for individuals who purchase insurance in an exchange and have income between 133% and 400% of povertyCost-sharing subsidies available for individuals who purchase insurance in an exchange and have income up to 250% of povertyTo qualify, must be a U.S. citizen or legal resident, not eligible for any type of public insurance, and not have access to employer-sponsored insurance
*
ACA: Employer MandateIn 2014, employers with 50 or more employees must provide affordable health insurance or pay a penalty.Insurance is affordable if it has an actuarial value of at least 60% or is not more than 9.5% of an employee’s income.Penalty is per employee after first 30 emplo ...
This section of Solutions for America highlights many civil justice reform suggestions surrounding such issues as tort explosion, social costs, and higher costs of goods and services.
Affordable Care Act Summary Provisions of the act are phased.docxnettletondevon
Affordable Care Act Summary
Provisions of the act are phased in over ten years.
2010
National temporary high risk pool for those denied coverage.
>82,000 previously uninsured persons gained coverage including more than 250 in Nebraska
Young adults up to 26 y.o. covered under parents’ plans.
>3 million previously uninsured young adults covered, including 18,000 in Nebraska
No lifetime or annual limits on coverage
105 million people benefit, including 700,000 in Nebraska
No denial by insurers of children for pre-existing conditions
No co-payments for preventive care
10-12 million have accessed preventive care, including approximately 360,000 in Nebraska
Tax credits for small employers (<25 employees) to provide health care coverage.
An estimated 360,000 small businesses with 2 million employees benefited in 2011
$250 rebate for Medicare beneficiaries in Part D coverage gap (doughnut hole)
4 million seniors benefited in 2010 including 26,072 in Nebraska
Scholarships and loan forgiveness programs for health professionals choosing primary care
Primary care & other health professions training grants
A number of grants have been made to Nebraska institutions
Comparative Effectiveness Research Grants
Prevention Research and Service Grants
A number of these grants have also been made to Nebraska institutions.
2011
Grants to employ and train primary care nurse practitioners
No co-pay for Medicare preventive services including comprehensive risk assessment and prevention plan
In 2011, an estimated 32.5 million people with traditional Medicare or Medicare Advantage received one
or more preventive benefits free of charge. In 2012 alone, >25 million people with traditional Medicare,
including nearly ~250,000 in Nebraska, have received at least one preventive service at no cost to
them.
Requires insurers to maintain Medical loss ratios or 80 (small group) or 85% (large group). Provides for states
to review and approve premium rate increases
12.8 million subscribers received insurance rebates totaling >$1 billion, including $4.8 million for 22,500
Nebraska families. Insurance rate reviews have saved consumers another $1 billion in premium costs.
50% discount on brand name prescriptions filled during Part D coverage gap
Since inception 5.4 million seniors have saved $4.1 billion; in Nebraska seniors have saved $27.5
million since 2010 because of donut hole rebates or discounts.
10% Medicare & Medicaid bonus for primary care physicians and general surgeons in shortage areas
Increase Medicare payments to hospitals in low cost areas
Increased funding for Community Health Centers
Nebraska Community Health Centers have received >$19 million in additional funding
2012
Bonus payments to high quality Medicare Advantage plans
Incentive Medicare and Medicaid payments to Accountable Care Organizations that demonstrate quality and
efficiency. ACOs have been demonstrated to lower annual health c.
P&C Market Outlook: 2020 Insurance Planning Insights CBIZ, Inc.
After approximately 20 years of a soft, buyer-friendly insurance market, we are facing a hardening market – one that is less friendly to insurance buyers. This article discusses trends to be aware of, rate forecasts, factors you can manage that affect your rates and tips for insurance buyers.
BridgestoneHRS Denials Management Software Will help any organization to collect a larger percentage of their denied charges.
Leading Denials Management Tools is useful for medical billing denial management, patient payment estimator, underpayment analyzer, claim status, claim status verification.
So keep visiting our websites to get update on regular basis. Call now.
Healthcare systems around the world are fraught with challenges that reveal the cracks in today's operating models. But a nascent trend that is quickly becoming an imperative is poised to transform the industry: the consumerization of healthcare. By promoting and supporting more control, awareness, and responsibility on the part of the consumer, healthcare companies can drive a dramatic improvement in population health and reduction in costs.
Leveraging 1332 State Innovation Waivers to Stabilize Individual Health Insur...soder145
Presentation by SHADAC Senior Research Fellow Emily Zylla at the 2018 Association for Public Policy Analysis & Management (APPAM) Fall Research Meeting in Washington, DC.
The Top Three 2020 Healthcare Trends and How to PrepareHealth Catalyst
After a tumultuous 2019, healthcare organizations are pivoting to make sense of the latest changes and prepare to face the top 2020 healthcare trends:
Consumerism—Can health systems respond to the consumer demands of better access and price transparency?
Financial Performance—With mergers, acquisitions, and private sector companies entering the healthcare arena, how will traditional hospitals and clinics compete?
Social Issues—How will health organizations respond to the opioid crisis and consider social determinants of health as part of the care process to provide comprehensive treatment?
As health systems struggle to survive amidst constant change, they must look forward and proactively prepare for what’s to come in 2020.
A renowned expert on health care and health care law, Linda Rouse O’Neill, Vice President of Government Affairs at HIDA shared this presentation at AORN's 60th Annual Congress in early March 2013. These slides provide an overview of the current (and future) state of health care in the U.S. including the sequestration, the Affordable Health Care Act, and other pressing issues that affect the health care industry.
Healthcare payers exceeded federally mandated medical loss ratio with esignat...DocuSign
Healthcare payers need strategic plans to reduce wasted administrative resources, prevent profit loss, and keep premiums reasonable. Electronic signatures is one way of solving this problem.
How To Give a Presentation People Will Actually LikeTeddy Snyder
A comprehensive marketing plan includes speaking to groups within your target market niche. “How to Give a Presentation People Will Actually Like” covers what to do before, during, and after a presentation to help you promote yourself as the expert you are.
More Related Content
Similar to How the Inflation Reduction Act Does or Doesn't Affect Your Injury Settlement.pdf
Managing Insurance Coverages & Costs – Your Hands Aren’t TiedCBIZ, Inc.
No surprise to anyone, the pandemic, civil unrest, economic uncertainty and an abundance of disastrous weather events influenced losses of over $1 billion in 2020, accelerating an already hardening insurance marketplace – one that is less friendly to insurance buyers. You can expect double digit increases at renewal – but your hands aren’t tied. In this article, CBIZ Insurance Services provides a 2021 Trends Alert and suggests how you can manage your risk profile to achieve your lowest cost of risk.
Will New Healthcare Policy Impact Value-Based Healthcare?Health Catalyst
The final days of 2016 were fraught with uncertainty about what Congress and the new Trump Administration would do to the Affordable Care Act (ACA) and the healthcare regulatory landscape overall. So far, in 2017, we do not have much more clarity. Repeal, repeal and replace, repeal and delay, modify without repeal—there are now even more questions than answers and still no consensus Republican plan in sight. Yet healthcare executives would certainly appreciate some modicum of clarity, at least on the narrower topic of whether the shift to value-based healthcare models will continue under whatever new system is coming. This webinar attempts to add clarity by analyzing what we know so far, as reflected in the limited actual evidence that is available.
Join Dan Orenstein, General Counsel, Health Catalyst, as he analyzes these three key pieces of information:
The 21st Century Cures Act (Cures)
The Executive Order on reducing the “burden” of the Affordable Care Act (ACA)
Tom Price’s comments at his confirmation hearings
Chapter 10
Health Reform in the United States
Chapter OverviewDiscusses the history of health reform in the United States and details the key provisions of the Affordable Care Act (ACA)Focuses on:Previous attempts at national health reformWhy health reform is difficult to achieveThe passage and provisions of the ACA
*
Health ReformThere have been numerous health reform attempts in the United States.Prior to 2010, all attempts at national health reform to create universal or near-universal coverage have failedSome successes at the state level
Health Reform—Difficulty of Reform in the United StatesIndividualistic cultureDislike of big governmentLack of consensus Federal system rules and structure make it difficult to achieve major reformStates generally home to social welfare issuesPowerful interest groups against national health reformPath dependency
Health Reform—Key Failed Attempts at National Health Reform1912 Progressive Party candidate Teddy Roosevelt supported social insurance platform that included health insurance1915 American Association for Labor Legislation proposal for working-class health insurancePresident Truman supported national health reform upon taking office, won re-election on national health insurance platform in 1948President Nixon: initial health reform proposal in 1969 and revised proposal in 1972President Clinton Health Security Act in 1993
*
The Affordable Care Act
(1 of 3)Why did the ACA pass when so many prior attempts had failed?Commitment and leadershipLearned lessons from past failuresPolitical pragmatism
The Affordable Care Act
(2 of 3)Individual mandate—most people have to purchase health insurance or pay a penalty starting in 2014Exemptions for certain populations and based on affordabilityPenalty for individual mandate repealed in 2017 Tax Cut and Jobs ActControversyToo much government interference in private lives?Constitutional?
The Affordable Care Act
(3 of 3)State Health Insurance ExchangesAmerican Health Benefit Exchanges for individualsSmall Business Health Options program for small businessesEffectively ended in 2018; may be revisedMust offer essential health benefits (abortion compromise)Four cost levels for plans based on actuarial value
ACA: Premium and Cost Sharing SubsidiesPremium tax credits available for individuals who purchase insurance in an exchange and have income between 133% and 400% of povertyCost-sharing subsidies available for individuals who purchase insurance in an exchange and have income up to 250% of povertyTo qualify, must be a U.S. citizen or legal resident, not eligible for any type of public insurance, and not have access to employer-sponsored insurance
*
ACA: Employer MandateIn 2014, employers with 50 or more employees must provide affordable health insurance or pay a penalty.Insurance is affordable if it has an actuarial value of at least 60% or is not more than 9.5% of an employee’s income.Penalty is per employee after first 30 emplo ...
This section of Solutions for America highlights many civil justice reform suggestions surrounding such issues as tort explosion, social costs, and higher costs of goods and services.
Affordable Care Act Summary Provisions of the act are phased.docxnettletondevon
Affordable Care Act Summary
Provisions of the act are phased in over ten years.
2010
National temporary high risk pool for those denied coverage.
>82,000 previously uninsured persons gained coverage including more than 250 in Nebraska
Young adults up to 26 y.o. covered under parents’ plans.
>3 million previously uninsured young adults covered, including 18,000 in Nebraska
No lifetime or annual limits on coverage
105 million people benefit, including 700,000 in Nebraska
No denial by insurers of children for pre-existing conditions
No co-payments for preventive care
10-12 million have accessed preventive care, including approximately 360,000 in Nebraska
Tax credits for small employers (<25 employees) to provide health care coverage.
An estimated 360,000 small businesses with 2 million employees benefited in 2011
$250 rebate for Medicare beneficiaries in Part D coverage gap (doughnut hole)
4 million seniors benefited in 2010 including 26,072 in Nebraska
Scholarships and loan forgiveness programs for health professionals choosing primary care
Primary care & other health professions training grants
A number of grants have been made to Nebraska institutions
Comparative Effectiveness Research Grants
Prevention Research and Service Grants
A number of these grants have also been made to Nebraska institutions.
2011
Grants to employ and train primary care nurse practitioners
No co-pay for Medicare preventive services including comprehensive risk assessment and prevention plan
In 2011, an estimated 32.5 million people with traditional Medicare or Medicare Advantage received one
or more preventive benefits free of charge. In 2012 alone, >25 million people with traditional Medicare,
including nearly ~250,000 in Nebraska, have received at least one preventive service at no cost to
them.
Requires insurers to maintain Medical loss ratios or 80 (small group) or 85% (large group). Provides for states
to review and approve premium rate increases
12.8 million subscribers received insurance rebates totaling >$1 billion, including $4.8 million for 22,500
Nebraska families. Insurance rate reviews have saved consumers another $1 billion in premium costs.
50% discount on brand name prescriptions filled during Part D coverage gap
Since inception 5.4 million seniors have saved $4.1 billion; in Nebraska seniors have saved $27.5
million since 2010 because of donut hole rebates or discounts.
10% Medicare & Medicaid bonus for primary care physicians and general surgeons in shortage areas
Increase Medicare payments to hospitals in low cost areas
Increased funding for Community Health Centers
Nebraska Community Health Centers have received >$19 million in additional funding
2012
Bonus payments to high quality Medicare Advantage plans
Incentive Medicare and Medicaid payments to Accountable Care Organizations that demonstrate quality and
efficiency. ACOs have been demonstrated to lower annual health c.
P&C Market Outlook: 2020 Insurance Planning Insights CBIZ, Inc.
After approximately 20 years of a soft, buyer-friendly insurance market, we are facing a hardening market – one that is less friendly to insurance buyers. This article discusses trends to be aware of, rate forecasts, factors you can manage that affect your rates and tips for insurance buyers.
BridgestoneHRS Denials Management Software Will help any organization to collect a larger percentage of their denied charges.
Leading Denials Management Tools is useful for medical billing denial management, patient payment estimator, underpayment analyzer, claim status, claim status verification.
So keep visiting our websites to get update on regular basis. Call now.
Healthcare systems around the world are fraught with challenges that reveal the cracks in today's operating models. But a nascent trend that is quickly becoming an imperative is poised to transform the industry: the consumerization of healthcare. By promoting and supporting more control, awareness, and responsibility on the part of the consumer, healthcare companies can drive a dramatic improvement in population health and reduction in costs.
Leveraging 1332 State Innovation Waivers to Stabilize Individual Health Insur...soder145
Presentation by SHADAC Senior Research Fellow Emily Zylla at the 2018 Association for Public Policy Analysis & Management (APPAM) Fall Research Meeting in Washington, DC.
The Top Three 2020 Healthcare Trends and How to PrepareHealth Catalyst
After a tumultuous 2019, healthcare organizations are pivoting to make sense of the latest changes and prepare to face the top 2020 healthcare trends:
Consumerism—Can health systems respond to the consumer demands of better access and price transparency?
Financial Performance—With mergers, acquisitions, and private sector companies entering the healthcare arena, how will traditional hospitals and clinics compete?
Social Issues—How will health organizations respond to the opioid crisis and consider social determinants of health as part of the care process to provide comprehensive treatment?
As health systems struggle to survive amidst constant change, they must look forward and proactively prepare for what’s to come in 2020.
A renowned expert on health care and health care law, Linda Rouse O’Neill, Vice President of Government Affairs at HIDA shared this presentation at AORN's 60th Annual Congress in early March 2013. These slides provide an overview of the current (and future) state of health care in the U.S. including the sequestration, the Affordable Health Care Act, and other pressing issues that affect the health care industry.
Healthcare payers exceeded federally mandated medical loss ratio with esignat...DocuSign
Healthcare payers need strategic plans to reduce wasted administrative resources, prevent profit loss, and keep premiums reasonable. Electronic signatures is one way of solving this problem.
How To Give a Presentation People Will Actually LikeTeddy Snyder
A comprehensive marketing plan includes speaking to groups within your target market niche. “How to Give a Presentation People Will Actually Like” covers what to do before, during, and after a presentation to help you promote yourself as the expert you are.
Trying to settle a Workers Compensation claim? You have to understand how to create a safety net and not forfeit SSDI, Medicare, Medicaid, Medi-Cal, or other benefits
Using the Affordable Care Act to Close Workers Compensation CasesTeddy Snyder
The Affordable Care Act provides new safety nets to assure injured workers ongoing medical care: private health insurance regardless of pre-existing condition, expanded Medi-Cal/Medicaid, Medicare prescription help, and new programs for those who are enrolled in both Medicare and Medi-Cal/Medicaid. When choosing a mediator, make sure the mediator can help fashion settlement solutions using all available resources, including the Affordable Care Act.
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.