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In 2007 it became apparent much of this interest had become uncollectable.
Once a doubtful debt becomes uncollectable, the amount will be written off.
The Government this week required banks to increase their reserves to cover uncollectable loans.
Industry analysts say that uncollectable charges have reached 50 percent of billings at some services.
Just what proportion of this 29 percent is truly uncollectable is unclear.
The industry's biggest problem is uncollectable bills.
"There is a growing sentiment in the market that part of the debt is uncollectable.
Today, property prices in many areas are less than half what they were; thus, a great many doubtful loans have become uncollectable.
Profit has improved as such uncollectable debts subsided.
The other is healthier banks, specifically those that have written off many of their uncollectable loans and now seem more willing to finance new activity.
The poll tax is uncollectable and expensive.
Cost recovery method is used when there is an extremely high probability of uncollectable payments.
I didn't see any reason why they should be a part of the partnership assets and be ruled uncollectable by a court.
If something doesn't belong, it makes it uncollectable to those seeking what is genuine."
These loans, nearly all of which are now said to be uncollectable, reportedly total between $1 billion and $3 billion.
The Government announced the 685 billion yen taxpayer bailout on Dec. 19 to help clear away the uncollectable debt.
So we're considering it an uncollectable, and it will not be included in the budget anytime in the near future."
Instead, the problem seems to have been largely one of understating losses on cars that were repossessed and sold after loans became uncollectable, he said.
Just three months before its charge against earnings for uncollectable accounts, its proportion of reserves against such problems actually fell.
Only people I saw get robbed was the taxpayers that had to cover all the courts fees and individuals that got sued for uncollectable amounts.
Bank of America said that its first-quarter profit fell 17 percent as the company increased its bad-debt reserve and wrote off more uncollectable loans.
Banesto's existing loan-loss reserves of about $1.7 billion would be used to write off uncollectable loans.
The problems of local authorities were exacerbated by the Prime Minister saying that the poll tax was being abolished because it was uncollectable.
In an American Medical Association study, emergency physicians, on average, reported $138,300 of uncollectable payments for providing care under the law in 2000.
The industry has been wounded by bad publicity, attacked by Federal regulators and sapped by millions of dollars in uncollectable bills.