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 ...

South Holland District Council says there is "no realistic prospect" of recovering the money.

Since the start of 2023, Nevada has written off more than $106 million in “bad debt,” meaning state officials have deemed it impossible or impractical to collect, according to a Nevada Independent ...

Debt writeoffs by the federal government climbed above the $5-billion mark during the last fiscal year, according to figures reviewed by The Globe and Mail, adding to a debate over Ottawa’s practice ...

Getting out of debt isn’t easy — especially after a job loss. Credit card balances can balloon fast once income dries up, and even small expenses start piling on interest. Sometimes, credit card ...

CHEYENNE – Members of the Cheyenne City Council are considering a resolution that would allow the city treasurer to write off nearly $137,000 in uncollectible debts – an annual requirement that ...