Bad debt
Business Concept
WestLB in talks to transfer $127 bln of bad debtFRANKFURT (MarketWatch) -- German state-controlled bank WestLB said Tuesday it's in intensive talks with the government in Berlin about offloading assets from its balance sheet into a so-called "bad bank." The news triggered a sharp rise... In this article: WestLB, Balance sheet, Bad debt, Subordinated debt, Germany, Frankfurt, and Berlin |
-
Sydney Morning Herald - Business | 3 days ago
Suncorp's bad debt charges fall
Bank and insurance company Suncorp-Metway says bad debts have stabilised in the September quarter but its banking unit continues to see weakness in corporate property values. In a trading update this morning, Suncorp also said it sees...
In this article: Suncorp-Metway
-
BBC News | 4 days ago
Bad debt hits Northumbrian Water
Northumbrian Water hit by bad debts Water companies are waiting for regulators ruling on prices on Thursday Business closures in the north-east of England left Northumbrian Water with bad debts of GBP1.7m in the six months to September,...
In this article: Northumbrian Water, Revenue, Inflation, England, and Afghanistan
-
Telegraph.co.uk - All news | 6 days ago
Tax bad debts rocket as recession bites
New figures show GBP27.7 billion of tax went unpaid in 2008/9. Of that, Her Majesty's Revenue and Customs have decided to write off as bad debt GBP11.2 billion. The figures are up on last year, when unpaid tax was GBP25 billion and GBP7.9...
In this article: Tax, Recession, HM Revenue And Customs, Respondent, Lord Oakeshott of Seagrove Bay, and Alistair Darling
-
Regional lender braces for more bad debts, but improvement seen
THE Bank of Queensland says it is seeing early signs of a fall in troubled housing loans but that its bad debts are unlikely to peak until next year. The bank's chief financial officer, Ram Kangatharan, told investors that some leasing...
In this article: Bank of Queensland, Bendigo Bank, Royal Bank of Scotland, and Sydney
-
Allied Irish Bank says bad debt charges surge
Allied Irish Bank, Ireland's biggest lender, said on Wednesday that its bad debt charges were likely to have soared to 5.3 billion euros ($US7.9 billion) this year. Allied Irish Bank (AIB) said the bad debt charges, previously estimated...
In this article: Allied Irish Bank, Recession, Unemployment, Dublin, and Ireland
-
Independent.ie | November 18, 2009
AIB raises bad-debt forecast as property loans sour
Allied Irish Banks raised its 2009 bad-debt forecast as losses on property loans increase. The bad-debt charge for the year will be around EUR5.3bn, up from its previous estimate of EUR4.3bn, the lender said in a statement. Excluding...
In this article: AIB and Allied Irish Banks
-
Irish bank raises bad debt cost
AIB says it is returning to profitability Allied Irish Banks (AIB) has increased its bad debt forecast for 2009 by 1bn euros ($1.5bn; GBP887m). AIB, the second largest lender in the Irish Republic, said it now expected the cost of...
In this article: AIB, First Trust, Allied Irish Banks, NATO, and Northern Ireland
Trends
Loading...
More on Bad debt
Description from Wikipedia:
In accounting and finance, bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans. Bad debt in accounting is considered an expense.
There are two methods to account for bad debt:
# Direct write off method (Non - GAAP)
A receivable which is not considered collectible is charged directly to the income statement.
# Allowance method (GAAP)
An estimate is made at the end of each fiscal year of the amount of bad debt. This is then accumulated in a provision which is then used to reduce specific receivable accounts as and when necessary.
Explore everything named Bad debt...
