Debt & Debt Consolidation : What Does Writing Off a Bad Debt Mean?

591 views · Published 4 February 2009 · 1:29 · Indexed 20 September 2026

Channel: ehow · 2009 · Howto & Style

Watch on YouTube

Writing off a bad debt refers to a collector who discontinues his or her efforts to collect the debt and writes it off, which creates a tax disadvantage for the person who owed the money. Understand what a debt write-off is with advice from a licensed financial planner in this free video on personal finance.

Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for over 30 years.
Filmmaker: Christopher Rokosz

More from this channel

• 1:36 Estate Planning : What Is a Missing Heir?

  ehow

  485 views · 28 August 2008

• 1:11 Estate Planning : How Many Months Do You Have to File an Estate Tax Return?

  ehow

  559 views · 28 August 2008

• 1:21 Estate Planning : When Should I Begin Planning My Estate?

  ehow

  378 views · 28 August 2008

• 1:09 Estate Planning : What Is Estate Planning?

  ehow

  840 views · 28 August 2008

• 0:53 Estate Planning : What Is a Family Estate Trust?

  ehow

  775 views · 28 August 2008

• 1:49 Estate Planning : Do Some Heirs Have More Rights Than Others?

  ehow

  935 views · 28 August 2008

• 1:15 Estate Planning : Heirs' Rights in Absence of a Will

  ehow

  858 views · 28 August 2008

• 1:23 Estate Planning : What Does it Mean if a Bank Account Says ROS?

  ehow

  728 views · 28 August 2008