bad debt

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Related to bad debt: Bad Debt Expense, Bad Debt Recovery

bad debt

n. an uncollectible debt. The problem is to determine when a debt is realistically dead, which means there must be some evidence of uncollectibility or a lengthy passage of time. Discharge in bankruptcy, the running of the statute of limitations to bring a lawsuit, disappearance of the debtor, a pattern of avoiding debts or the destruction of the collateral security can all make a debt "bad." For income tax deduction purposes such a debt in business is deductible against ordinary income (found in Schedule C) and such a personal debt is deductible against short-term capital gains. A debt due for services rendered is not a bad debt for tax purposes, since there is just no income on which to be taxed.

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When bad debt write-offs are classified accurately, a bad debt benchmark of 10 percent to 12 percent is considered average or good for most pathology practices.

Understanding key performance indicators and benchmarks for anatomic pathology labs

Royal Surrey County Hospital recorded PS172.745 in other bad debt, which included PS159,241 owed by Virgin Care Services Ltd, which started High Court Proceedings against NHS England, Surrey County Council and the CCGS after losing out on a contract to provide services in Surrey.

Hospitals paid out PS16,000 for lost items

Business bad debt for loan to supplier: S, a sole proprietor, operates a retail store.

Deducting business bad debts

In Massachusetts, the Uncompensated Care Pool (UCP) partially reimbursed hospitals for charity care and emergency room bad debt provided to uninsured low-income patients.

The impact of the Massachusetts health care reform on unpaid medical bills

As a result of the bad debt provision HiSoft has adjusted its full-year outlook for non-GAAP diluted earnings per ADS to an estimated range of USD0.67 to USD0.68, from the previously estimated range of USD0.82 to USD0.83.

HiSoft makes USD3.5m bad debt provision in 2010 results

IFC, the World Bank's private sector arm, is looking for assuming bad debt in Russia for the first time.

-IFC seeks to purchase bad debt from Russian Sberbank, DIA

Collection agencies that have been approved are then listed on CollectionTree.com and added to the internal analysis software that automatically matches clients' bad debt with collection agencies.

CollectionTree.com Expands Its List of Collection Agencies

THE part-nationalised Lloyds Banking Group today confirmed it returned to profit in the first three months of the year after a marked slowdown in bad debts.

Back to black..

Lloyds racked up pounds 24bn in bad debts during 2009 - mainly due to the toxic debts in theHBOSloan book - which led to a pounds 6.3bn loss last year.

Bank profits forecast

Severn Trent said it had "worked hard" to hold bad debt levels at 2.3 per cent of turnover and said it was on track to deliver an extra pounds 5 million of cost savings for the year.

Severn Trent profits up

THE scale of bad debt among Cardiff businesses has been revealed in a study by premier Invoice and Asset Based Lender (ABL), Venture Finance.

Cardiff firms in deep debt; BIZBRIEF

Currently, it is typical for management companies to make arbitrary adjustments of resident approval guidelines for the sake of occupancy without knowing what to expect in additional bad debt. Now the industry is seeing a seesaw effect, first from lowering resident approval standards and then sudden reversal to offset the surge in increased bad debt.