South Holland District Council says there is "no realistic prospect" of recovering the money.

Debt writeoffs by the federal government climbed above the $5-billion mark during the last fiscal year, according to figures reviewed by The Globe and Mail, adding to a debate over Ottawa’s practice ...

Losing a job with $30,000 in credit card balances and a $10,000 write off on the table is the kind of offer that feels like a ...

The United States cancelled $1.14 billion in debt obligations, further strengthening Somalia’s re-engagement with the ...

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 ...

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 ...

Two years after securing a landmark debt write-off, Somalia is back in talks with creditors ...

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 ...

The Tribunal examined whether a creditor’s unilateral write-off automatically results in cessation of liability for the assessee. It held that such write-off requires factual verification and cannot, ...