Discover what cash basis loans are and their implications for banks and borrowers. Learn how they work, why they are considered nonperforming, and strategies for management.

Question: Over a three-year period, I lent my son and daughter-in-law approximately $250,000 so they could relocate their business. Unfortunately, after two years at their new location, they just ...

You are still responsible for missed payments even if your debt is charged off. You will likely be contacted by a collection agency to get the remaining funds owed. Study the validation notice you ...

Unheard of staffing shortages in nursing home billing offices are leading to billing lapses and major uncollectible or ‘bad’ debt amounts. A $4 million case in Connecticut is fueling observers’ ...

This month, OIG published its findings relating to its audit on providers who sought reimbursement from Medicare for bad debts. OIG conducted the audit to confirm whether: (a) providers complied with ...

Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. For a link to our podcast covering the Tax Court ...

Do you think your household budget is balanced if you spend more than you earn by using credit card debt? If you do, then you think like the City of Chicago’s government leaders. Each year the City of ...