If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

Getting out of debt isn’t easy — especially after a job loss. Credit card balances can balloon fast once income dries up, and even small expenses start piling on interest. Sometimes, credit card ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

With costs continually rising and borrowers' budgets stretched to their limits, millions of Americans have found themselves carrying debt that's gone unpaid for months or even years on end. But when ...

CHEYENNE – Members of the Cheyenne City Council are considering a resolution that would allow the city treasurer to write off nearly $137,000 in uncollectible debts – an annual requirement that ...

CHEYENNE — Members of the Cheyenne City Council voted Monday to allow the city treasurer to write off almost $137,000 in uncollectible debts following some discussion about how to pursue debtors more ...