In a recent decision, U.S. ex rel. Sibley v. Univ. of Chicago Medical Center, the U.S. Court of Appeals for the Seventh Circuit considered allegations that two medical billing and debt collection ...

Matching Principle: The matching principle dictates that expenses should be recognized in the same period as the revenues ...

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 ...

NEW YORK -- One of the big letdowns some new business owners suffer during income tax season is when they find out they can't deduct their bad debts -- bills their customers didn't pay during the ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

The amount of bad debt stemming from patients with insurance increased more than five-fold in a three-year period, hitting providers' financial statements in an already challenging environment. Almost ...

Karyn Dettbarn says debt collectors can legally call you 7 days a week---and if they don't get you, they'll call neighbors, or the people you've listed as references on loan or credit card ...

Your debt will be turned over to a collection agency, and your credit score will likely take a severe hit. Here's what to do about it. Many or all of the products on this page are from partners who ...

SAO PAULO, Aug 19 (Reuters) - Ativos SA will perform bad debt-collection activities for parent company Banco do Brasil SA, the state-controlled lender that wants to expand in Brazil's thriving ...