The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday offering guidance for debt exchange transactions involving multiple creditors. The proposed ASU stems ...

Debt settlement, sometimes referred to as debt resolution, is a type of debt relief service that offers consumers a way to reduce the outstanding balance on their debt. The process involves ...

FASB’s accounting guidance for troubled debt restructuring by creditors would be eliminated for organizations that have adopted its credit losses standard, under a proposal the board issued Tuesday ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Daphne Foreman is a former Banking and Personal ...