In 2019, the then-Conservative government brought into effect the loan charge to clamp down on so-called “disguised ...

A business loan is just what it sounds like money your business borrows from a financial institution. But since most business owners look high and low for write-offs, you might be wondering if there ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

Jonathan Butcher is the Will Skillman fellow in education at The Heritage Foundation and the author of “Splintered: Critical Race Theory and the Progressive War on Truth” (Post Hill Press/Bombardier ...

For the first time, Bangladesh Bank has allowed commercial banks to partially write off long-standing non-performing loans ...

MUMBAI/NEW DELHI (Reuters) - India risks straining public finances and undermining already ailing state banks, economists said, after a $5.6 billion loan write-off for farmers in Uttar Pradesh and ...

Thousands of students across the UK have been affected by a major system error within the Student Loans Company (SLC), which resulted in their loans not being written ...

Bangladesh Bank has issued new guidelines for banks to write off classified bad loans. From now on, the concerned customer will have to be given notice at least 10 working days before writing-off or ...

This instruction replaces the 19 October circular, which required banks to inform customers 30 days in advance.

In England, students starting university in 2025 will see their loans written off after 40 years, regardless of how much they may still owe. In Wales and Scotland this happens after 30 years and in ...