That's one reason the industry is stepping up efforts to manage the bad debt. |
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He said the package would include more aggressive measures to speed up bad debt write-offs and stabilize the banking system. |
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Under Government supervision, banks will set guidelines to deal with financially crippled borrowers and get rid of their bad debt. |
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Credit unions are more open to serious bad debt problems than other financial institutions. |
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Although analysts are bullish on the banks, it would be all too easy for bad debt jitters to blot their copy books. |
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But it's because of our credit tightening that our bad debt isn't worsening. |
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He also warned against taking the company's bad debt provisions at face value. |
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It is not surprising, given the number of high profile bankruptcies, that investors are noticeably worried about bad debt provisions. |
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Canada did not turn a blind eye to its lending institutions as they passed around bad debt like a hot potato. |
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But it was standing a bad debt for a friend that proved his downfall. |
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Austerity during the 1980s had wrung out bad debt and inefficiency at considerable cost. |
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Company-wide bad debt losses were less than one-tenth of one percent of revenues despite challenging economic conditions. |
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The recovery of any bad debt claimed as a capital loss will be treated as a capital gain in the year of recovery. |
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However, as soon as management estimates that recorded revenues are unlikely to be received, the account receivable is provisioned as a bad debt. |
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Even in the current economic downturn, bad debt losses have been kept to less than one-tenth of one percent of sales revenues. |
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It will also manage overall credit exposure in an integrated manner to reduce the rate of bad debt. |
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As a result, conditions causing fluctuations in the aging of customer accounts will directly impact the reported amount of bad debt expense. |
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Moreover, the Elecnor Group reinforced its containment policy regarding overhead and bad debt thanks to an integrated risk management strategy. |
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The increase is attributable to an increase in bad debt recognized in credit card portfolios. |
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The focal point continues to be the protection against bad debt losses especially in connection with supplies to difficult and risky markets. |
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With regard to debts, the taxpayer need only establish that a particular debt has become a bad debt in the current year to qualify for the election. |
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Japan's government has signalled that key policies for dealing with the huge bad debt overshadowing the banking and corporate sectors could be delayed. |
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Japan is caught in a stranglehold of bad debt and deflation. |
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The reality is that bad debt increases with the age of receivables. |
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Rather than report it as fraud, they simply write it off as a bad debt. |
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The bank expects to write off massive amounts of money as bad debt from its loan book value and shrink its asset base after correct recalculation of the loans. |
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This has prompted warnings that the disclosure of the real level of bad debt could set off a wave of corporate failures and banking collapses in the following year. |
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Rising amounts of bad debt make lenders more risk-averse. |
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When we have a number of conditions in which a loan may not in fact be handled in the anticipated fashion because it is a bad debt, if we have made a list, then something must be left out. |
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The amount of bad debt for which Maroc Telecom has made a provision is deductible from its taxable base, subject to the presentation of evidence of legal action taken against the debtors. |
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Bankers think that the bad debt problem has to be given maximum attention, otherwise a situation might be provoked similar to what happened in Mexico, Japan, Argentina, and Indonesia. |
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The inventory depreciation is small, as are bad debt provisions. |
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The degradation in the economic environment caused by the credit crunch is reflected in the figures reported by a number of group companies and, to differing degrees, in rising bad debt and problematic collections levels. |
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We know that the current economic climate and the fact that our economy is struggling is directly related to bad debt, and credit card companies are only making things worse by increasing the debt load of Canadians. |
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Its investment surge has prompted plenty of bad debt. |
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The auditor, whilst highlighting the inconsistency even in relation to Chinese accounting standards of the change in the bad debt provision method, didn't give an answer to the problem with the loan. |
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In an environment of rising delinquency and credit losses, organizations need rapidly deployable solutions that accelerate reduction of bad debt while minimizing operational costs and risks. |
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They could also negatively affect the financial condition and credit risk of our customers, which could increase uncertainty about our ability to collect receivables and potentially increase our bad debt expenses. |
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If economic conditions change, or actual results or specific industry trends differ from our expectations, we will adjust our allowance for doubtful accounts and our bad debt expense accordingly. |
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Most of its bad debt was related to housing. |
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All that bad debt is getting harder to collect. |
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The continuation of this trend could increase Dorel's bad debt expense. |
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Bad debt statistics also cover former tenants who have been declared bankrupt and are therefore unable to cancel their debts. |
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