[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 ...

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 ...

Russian President Vladimir Putin on Saturday signed a law that allows those who sign up to fight in Ukraine to write off unpaid debts worth almost $100,000, the government announced. The new ...

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

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 ...

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 ...

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 ...

The United States as currently constituted will – (well) within the next decade – completely collapse. Plan accordingly. As the economy dwindles into full-on Third World oblivion – guess what goes ...

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 ...