FOR many businesses, unpaid receivables are an unavoidable part of operations. Whether arising from unpaid invoices, defaulted loans, or broken payment promises, bad debts can significantly affect a ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it ...

Long-term debts of more than £200,000 from housing benefit overpayments and non-payment of council tax in Luton are due to be written off by the local authority, next year.

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

When you hear the word, "debt," it's likely an immediate pit begins to form in your stomach. Debt means you owe money and if you don't pay it back, the balance you owe will grow even larger. But if ...