Many companies consider it common practice to estimate the amount of accounts receivable at year end that they believe to be uncollectible.  This amount is then “written off” as bad debt expense.  In recent years the service has placed an ...

Tagged with: debt Keeping Your Balance

The presents are opened and the champagne has been uncorked. We think we are ready for all the fresh starts and resolutions that the New Year brings. Then the mailman brings you a bunch of love letters from a guy ...

Tagged with: 401(k) debt estate planning finances Money Management resolution Victoria A. Hemiup

WASHINGTON — House Speaker John Boehner promised Thursday that the GOP-controlled House won’t miss a late-February deadline to increase the government’s borrowing cap. “Look, we do not want to default on our debt, and we’re not going to default on ...

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WASHINGTON, D.C. — Reiterating a threat he first issued in the summer of 2011, President Barack Obama on Monday warned Republicans that older Americans might not get their Social Security checks and veterans won’t get timely benefits if Congress fails ...

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ALBANY — The state government’s debt has topped $63.3 billion, with New York on track to approach its borrowing limit in early 2014, the comptroller’s office reported Monday. That debt burden, averaging $3,253 per resident, is almost three times the ...

Tagged with: Comptroller's Office debt State Government

ALBANY — New York Attorney General Eric Schneiderman says his office has reached agreement with a finance company to clear $3.5 million of debt for 995 soldiers who shopped at a retailer outside the Army's Fort Drum that sold computers and other electronics at inflated prices and credit terms.

Tagged with: Attorney General debt Eric Schneiderman settlement

NEW YORK CITY — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.

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Real estate owners beware: You could get sucker-punched this tax season. “It’s a good year if you own real estate to talk to your tax advisor,” said Jeff Cohen, senior tax partner at Biscotti Toback in Garden City.

Tagged with: debt Mortgages Real Estate Taxes

One of the biggest detriments to criminal offenders’ successful reentry into society is the amount of debt imposed on them through state fees or other fines related to their crime. The issue is examined in a recent report ...

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New York State Attorney General Andrew M. Cuomo on Thursday announced a statewide investigation into what he calls deceptive credit card marketing practices that target college students through their schools.

Tagged with: Cuomo debt Student loans

WASHINGTON, D.C. — The government’s explosive borrowing has hit a turning point: It’s expected to drop 18 percent this year after setting a record high last year. The brighter picture is due to higher tax revenue ...

Tagged with: debt Economy

WASHINGTON — The Obama administration’s flagship mortgage aid program lags well behind the foreclosure crisis and leaves consumers strapped with high levels of debt, a watchdog panel’s report said Wednesday.

Tagged with: debt Foreclosures Obama administration