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 ...

An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a ...

[Asia Economy Reporter Minwoo Lee] Recent measures by financial authorities instructing commercial banks to increase their loan loss reserves are analyzed to have little accounting impact. Unlike loan ...

A new rule will prohibit a certain type of bad debt from appearing on credit reports. The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on ...

Do you think your household budget is balanced if you spend more than you earn by using credit card debt? If you do, then you think like the City of Chicago’s government leaders. Each year the City of ...