Long-term debts of more than £200,000 from housing benefit overpayments and non-payment of council tax in Luton are due to be ...

Patients with some form of insurance coverage accounted for 53% of the estimated $17.4 billion that hospitals, health systems and medical practices wrote off as bad debts in 2023, according to data ...

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 ...

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 ...

Kirklees Council wrote off £5.22m in debt in the last financial year, with over £2m of this coming from unpaid Council Tax. A report on the bad debt written off by the local authority in the 2024/25 ...

Personal finance website Fool.co.uk is calling on banks not to punish customers for the sub-prime write-offs. The UK’s seven quoted banks have collectively written off £18 billion for an assortment of ...

When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s called a debt settlement. The lender agrees to forgive the remaining $10,000, ...