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Transferring One Employee to an Overseas Assignment with a Base

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Transferring one employee to an overseas assignment with a base salary of about $100,000 may cost the employer $1 million once extra living costs, transportation, and family benefits are included.


Definitions:

Exempt Property

Property that a debtor is allowed to retain, free from the claims of creditors seeking to repossess or sell the property for debt recovery.

Chapter 7 Bankruptcy

A liquidation form of bankruptcy available to individuals and businesses, resulting in the sale of non-exempt assets to pay creditors and discharge most debts.

Equity

The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.

Means Test

A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.

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