bad debt

The fact that the debtor is a related business does not preclude a bad debt deduction by the individual taxpayer.

An ambitious programme to clean up Indian banks of their bad debts might not be achieved in its expected time frame in 2016 because banks can still hide bad debts.

The central bank however, is taking measures to accelerate bad debt buying.

The bank made PS200,000 pre-tax profit earlier this year because of reduced levels of potential bad debt.

24 September 2010 - The International Finance Corporation (IFC) has launched discussions with Russia's top lender Sberbank (MCX:SBER03) and state-run Deposit Insurance Agency (DIA) on purchasing bad debt, IFC head of financial markets in Central and Eastern Europe in Moscow, Timothy Krause, said on Friday as quoted by Bloomberg.

THE part-nationalised Lloyds Banking Group today confirmed it returned to profit in the first three months of the year after a marked slowdown in bad debts.

Liverpool-based Bibby Financial Services has reported a 200% rise in firms within the north in the past year approaching them for bad debt protection.

The temptation can be to lower the standards until bad debt becomes the greatest concern.

Banks have been hit by rising bad debt since last year as more and more people renege on repayments on loans and credit cards, the price comparison website said.

The company's UK chief executive, Dyfrig John, said the bank had kept its bad debt levels flat despite a sharp increase in personal insolvencies.

When we get bad debt, that's our tough luck,'' Mucek said.

A properly formulated portfolio strategy, executed with the right processes, resources and organizational structure, will keep cash flowing and minimize bad debt exposure.

Bad debt provision by Newcastle City Council includes pounds 5m for unpaid council tax bills and pounds 4m for council house rents.

The racing business can make a bad debt relief claim if they are not on Cash Accounting and a debt is six months past payment date.

Japan's economy has been ailing for more than a decade, and the conventional wisdom is that the world's second largest economy won't improve until Tokyo gives top priority to dealing with the mountains of bad debt held by Japanese banks.