Рет қаралды 225
What Does Writing Off a Bad Debt Mean?. Part of the series: Debt & Debt Consolidation. 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.