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Pennsylvania Department of Human ServicesCONTINUOUS ELIGIBILITY UNWINDING PLAN May 8, 2023upated: 2/15/2024TABLE OF CONTENTContinuous Eligibility Unwinding Plan dhs.pa.gov/PHE PAGE 1 | BACKGROUND
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What is unwinding plan?
An unwinding plan is a strategy or roadmap developed by an organization to systematically dissolve or restructure a project, program, or business entity in an orderly fashion.
Who is required to file unwinding plan?
Entities involved in a project or program that is being dismantled or restructured, particularly organizations that must comply with regulatory requirements related to dissolution or significant changes in operations, are required to file an unwinding plan.
How to fill out unwinding plan?
To fill out an unwinding plan, organizations should provide a detailed outline of the steps involved in the unwinding process, timelines, responsible parties, potential impacts, and measures to mitigate risks, along with required documentation as stipulated by relevant authorities.
What is the purpose of unwinding plan?
The purpose of an unwinding plan is to ensure that the dissolution or restructuring occurs in a controlled and compliant manner, minimizing risks to stakeholders and ensuring that all regulatory requirements are met.
What information must be reported on unwinding plan?
Information that must be reported on an unwinding plan typically includes the reasons for unwinding, a detailed timeline of the process, identification of key personnel responsible for the unwinding, and a financial overview that includes asset disposal and liability settlement strategies.
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