Bad debts

What are Bad Debts?

Bad debt is an amount owed to a business, which it considers, or proves to be, irrecoverable. There are several reasons why a debtor may fail to pay an amount due from him, e.g. death, bankruptcy, insanity, etc. Once a business is convinced that an amount due from a debtor is no more recoverable, it …

What are Bad Debts? Read More »

Scroll to Top