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2. Charge-off - Wikipedia

   en.wikipedia.org/wiki/Charge-off

   A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.

3. Write-off - Wikipedia

   en.wikipedia.org/wiki/Write-off

   The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...

4. What is a credit card charge-off? - AOL

   www.aol.com/finance/credit-card-charge-off...

   The write-off is purely an accounting function that applies only to the company’s balance sheet, not your debt. You still owe the bill, and they still expect you to pay it. How does a charge-off ...

5. How to write off repayment of a business loan - AOL

   www.aol.com/finance/write-off-repayment-business...

   Specifically, you can write the interest portion of your payments off as a business expense. Let’s say you took out a small business loan , and your monthly payments are $1,200.

6. Accounts receivable - Wikipedia

   en.wikipedia.org/wiki/Accounts_receivable

   The second method is the direct write-off method. It is simpler than the allowance method in that it allows for one simple entry to reduce accounts receivable to its net realizable value. The entry would consist of debiting a bad debt expense account and crediting the respective accounts receivable in the sales ledger.

7. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

   www.aol.com/finance/write-off-expenses-businesss...

   A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

8. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely.

9. Do I have to pay off credit card debt that’s been ... - AOL

   www.aol.com/finance/pay-off-credit-card-debt...

   At a certain point (usually 90 to 180 days later) when it is no longer profitable to carry the debt, credit card companies will take steps to get unpaid debts off their books so they can focus on ...