Legal Question in Business Law in Georgia
Bad debt write-offs
can a creditor sue you for a debt
that has been a write off on taxes?
Asked on 3/22/07, 11:00 am
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Bad debt write-offs
Yes. A debt does not disappear merely because the creditor had to change the accounting entry. They can collect, then amend their accounting entries.
Answered on 3/22/07, 11:55 am
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