57How to Resolve Bad Debts
There are many wise people in this world even in the time before credit cards. One example is from hamlet, William Shakespeare advised, neither lender nor borrower be. Even though he lived well be for the... keep reading →
margarete says
bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans
guidebaba says
You are a businessman. You sold products on credit. Later you did not get your payment and there is no hope to get the payment. This is BAD DEBT.
Caleb Anderson says
Bad debts are any debt you cannot easily payback within a reasonable timeframe. Nobody wants to get into a lot of debt, but if you are starting a business and can utilize your credit to make more money then those would be considered good debts.
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