When a Patient Files for Bankruptcy, the Appropriate Procedure Is

question 89

Multiple Choice

When a patient files for bankruptcy, the appropriate procedure is to:

• A)attempt to collect from the patient's insurance company
• B)bill the patient as usual
• C)contact the patient directly and demand payment in full
• D)file a creditor's claim with the court and/or write off the bill

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Definitions:

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay off creditors, after which the company ceases to exist.

Jointly And Severally

A legal term indicating that parties in an obligation or liability are responsible both together as a group and individually.

Contract Obligations

Duties imposed by a contract that parties must perform; failure to do so can result in legal action.