Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday ...

Barry Dolowich is a Certified Public Accountant and owner of an accounting and tax practice with offices in Monterey. He can be reached at 372-7200. Please address any questions to Barry at PO Box 710 ...

In a recent decision, U.S. ex rel. Sibley v. Univ. of Chicago Medical Center, the U.S. Court of Appeals for the Seventh Circuit considered allegations that two medical billing and debt collection ...

The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending ...

Medical bills can quickly spiral, so you need to understand your legal exposure if the debt goes to collections.

Matching Principle: The matching principle dictates that expenses should be recognized in the same period as the revenues they helped generate. By recognizing bad debt expense, companies align the ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

NEW YORK -- One of the big letdowns some new business owners suffer during income tax season is when they find out they can't deduct their bad debts -- bills their customers didn't pay during the ...