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Bad debt is a debt that was not collected, which makes it lose its value. This event happens when the creditor fails in all of its attempts to collect the debt. A bad debt usually happens when the borrower files for bankruptcy or when the cost of pursuing the debt will be more than the amount that is being collected.
Do you have bad debt? Let us know how you handled it.
This page contains a single entry from the blog posted on October 7, 2007 3:24 PM.
The previous post in this blog was Original Business Christmas Cards.
The next post in this blog is CheapOair can get You Great Rates.
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