Newcastle City Council's cabinet member for resources Coun Veronica Dunn said: "We always vigorously pursue debtors often over many years and only write off
debts once they become uneconomical to collect such as a business going bust or when a debtor dies.
In the last financial year, the government allocated Sh500 million to the debt write off
The Finance Ministry's Revenues Administration (GyB) released its tax revenue figures for 2013 on Wednesday, showing that the ministry had agreed to write off
tax fines levied on 68 separate cases in 2013.
The meeting recommended a complete write off
for the pensioners and welfare individual accounts.
The theory behind this is that the amortization already reflects the expectation of premature pay-offs and thus, to write off
the loan is redundant.
Summary: Last week, Kuwaiti newspaper al-Seyassah citied a source saying that ABC had agreed to write off
90 percent of the $120 million in debts owed to it by ILIC.
Because SFAS 142 (ASC 350-20) provided a more subjective approach to the valuation of goodwill, it raised two key questions: Did managers use the discretion afforded by the standard to write off
large amounts of newly purchased goodwill shortly after its implementation?
Any write off
policy initiated by a bank in Pakistan to offer its borrowers any incentive on irrecoverable loans or write offs
and restructuring is for a fixed period of time which is widely publicised in media and apply to all borrowers.
Iqbal Haider and Khawaja Farooq counsel for NBP and UBL were asked whether they were in favour of continuation of loan write off
The court urged Haider to answer its question as a friend of the nation instead of a counsel for any party.
* The allowance exhaustion rate is the amount of time it takes to write off
BEWARE when buying used - latest figures reveal that insurance companies are now quicker than ever to write off
The city council is planning to write off
pounds 422,000 compared with pounds 52,000 for the previous 12 months, though many of the debts stretch back to 1992.