Controversy is usually considered undesirable — in the same category as conflict, discord, and disagreement. However, when it takes the form of respectful dialogue rather than debate, controversy can transform opinion and even give rise to unexpected progress. One hopes, for the benefit of all concerned, that the current controversy surrounding pressure ulcers might bring about a similarly positive outcome.
In 2010 the Centers for Medicare & Medicaid Services (CMS) halted additional payments to hospitals for selected conditions that were acquired in the hospital (in other words, not present when the patient was admitted). One of these conditions was the pressure ulcer, bed sore and the decubitus ulcer which CMS asserted “could reasonably have been prevented through the application of evidence-based guidelines.” This regulation was known as the Inpatient Prospective Payment System Fiscal Year 2009 Final Rule (IPPS FY 2009 Final Rule).[1] In IPPS FY 2009 Final Rule, CMS hedges a bit with language.
Social Security benefits, both age benefits and disability benefits, are and also are NOT considered “income” within the bankruptcy process in a couple of different ways.
Income is considered in the bankruptcy process both as a measure of a debtor’s eligibility for Chapter 7 (as opposed to Chapter 13) bankruptcy and as a measure of the debtor’s ability to repay creditors some portion of the debt owed to them on monthly average basis.
The first measure is calculated within the framework of the so-called “means test,” about which I have written extensively on this blog, which is both the test for Chapter 7 eligibility and also, in a Chapter 13 context, the barometer of whether the debtor may file a 3-year payment plan or a 5-year payment plan and what the minimum amount the debtor must pay to certain creditors in a Chapter 13 payment plan must be.
For purposes of this means test, Social Security benefits have been specifically stated in the US Bankruptcy Code to be NOT calculable as “income.” In other words, in the means test, all of your income from every source for the past 6 months is calculated to produce an average income number—except for Social Security. Thus, a debtor wh
Tags: Bankruptcy, Social Security
The credit score determines the monetary credit merit of a borrower. With the help of credit score information, the lender charges the risk engrosses in lending amount of money to the borrower. The Credit Bureaus closely safeguards the mathematical calculations. The calculations engage the investigation of big financial data. And, the public might not know how the Credit Bureaus arrive to the score. Anyways, the calculations made are very much tricky for the public to comprehend.
When you start to investigate into the various websites looking out for methods to develop your loan for a new home, car, or personal, you might be fascinated to know what your credit score is. Understanding the credit report scores meaning is very serious to understand how it have an effect on the sum of money a particular bank will loan you. Lots of people want to unearth their credit report scores meaning in order to get it better by paying off more of their existing debts such as credit cards and other loans. Read full article…
Tags: credit report scores
The Internet is abuzz with the news that newspaper publisher Tribune Co. wants to pay former Chief Executive Randy Michaels $675,000.
What’s driving the interest in a bonus for someone who spent less than a year at the helm of the publisher of the Chicago Tribune and Los Angeles Times? Yes, this is a company that laid off hundreds of employees since real-estate mogul Sam Zell acquired it in late 2007. And yes, Tribune continues to languish in Chapter 11 bankruptcy without an immediate exit in sight. But, perhaps more compelling, is that this is the same Randy Michaels who, the New York Times reported last year, presided over an office that “came to resemble a frat house, complete with poker parties, juke boxes and pervasive sex talk.”
Bankruptcy Beat readers no doubt recall that article, which Times media reporter David Carr penned after talking to more than 20 current and former Tribune employees. The a
Tags: Pay, Pay 675000
A recent Fortune Magazine article looked at how underemployment has turned into an advantageous thing for many jobless Americans.
While finding any work right now is a good thing, consumers who are jobless and struggling with debt may consider filing for bankruptcy in Chicago while taking on a part-time job.
If you are struggling to find work and the bills are piling up, you’re behind on payments, interest rates are rising and credit card fees are keeping you down, consulting with an experienced Chicago bankruptcy lawyer may be a good option for you.
Under bankruptcy laws, people who have no income or only slight income can qualify under Chapter 7 bankruptcy, where they are able to clear out all of their debt by going through the bankruptcy process.
In most cases under Chapter 7 bankruptcy in Chicago, a consumer doesn’t have to lose any assets in order to qualify and reap the benefits of this bankruptcy law.
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