[Asia Economy Reporter Kim Jong-hwa] "Writing off non-performing loans has a greater effect of removing obstacles to recovery." This is why the Ministry of SMEs and Startups regularly writes off ...

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

Russian President Vladimir Putin signed a law on debt forgiveness for certain recruits on Saturday. It allows for up to $96,000 in debt forgiveness for those who sign a minimum one-year contract to ...

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, ...

Pima County is poised to write off nearly $107,000 in delinquent accounts for the quarter that ended in March, with more than half of that coming from the library system. The library system wants to ...

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 ...

WILLMAR -- More homeowners, renters and businesses in Willmar were unable to pay their utility bills in 2011 compared with the number that did not pay their bills during the previous two years. Every ...

Once self-pay balances reach over $7,500, providers are far less likely to collect as more patients have bad debt. Hospital collections fall off dramatically and result in higher bad debt once ...

Troy Roth, vice president of revenue-cycle product strategy for MedAssets, discusses how hospitals can calculate how much is owed by patients with high-deductible policies. Troy Roth: More patients ...

Millions of dollars of bad debt have been removed from Asian banks' balance sheets in recent years through government-created asset-management companies. But some banks hold millions of dollars more ...