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The argument to continue non-LTCR estate recovery was expressed by an assistant commissioner for the Minnesota Department of Human Services, a state that had expanded Medicaid: “The general idea here is that people with assets should help contribute to the cost of their coverage, Many have incurred thousands of dollars of medical expenses at ...
Asset recovery, also known as investment recovery or resource recovery, is the process of maximizing the value of unused, excess, or end-of-life assets through reuse, redeployment, or divestment. Businesses often use it to manage surplus inventory , refurbished goods , or equipment returned after leases , and it’s also common during ...
Petters Group Worldwide was an American diversified company based in Minnetonka, Minnesota that was turned into a $3.65 billion Ponzi scheme by its founder and CEO, Tom Petters. It had 3,200 employees and investments or full ownership in 60 companies, of which it actively managed 20, with offices in North America, South America, Asia, and ...
Securian Financial Group, Inc. is a mutual holding company that provides a range of financial products and services. Founded in St. Paul, Minnesota by Russell Dorr on August 6, 1880, Securian Financial provides insurance, investment retirement products and Trust services to more than 19 million clients in the United States, Puerto Rico and Canada.
Sungard Availability Services (Sungard AS) was a provider of IT production and recovery services. In 2021 it had annual revenues of approximately $773 million [2] and offices in 12 countries. [3] The company used its experience in recovery to design, build and run production environments that are resilient and available.
Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in November 2022, said in ...
On April 22, 1991, the St. Paul Pioneer Press called the bank's failure the "largest financial disaster in Minnesota history" and was part of the savings and loan crisis of the 1980s. Midwest Federal had assets of US$3.5 billion (equivalent to $8.1 billion in 2024), was liquidated by the government at a cost of US$1 billion to taxpayers ($2.3 ...
During the Flood of 2008, the company activated their disaster recovery plan and relocated staff and resources to pre-arranged recovery sites. Staff did not return to the GreatAmerica building in downtown Cedar Rapids for 68 days. [5] In late 2009, GreatAmerica Leasing Corporation surpassed $1 billion in assets. [6]