Since the law has been amended four times to discourage waiver of loans, the borrowers are now reluctant to get loan written off
as their names are officially published in audit reports as per the set rules,' they claimed.
Finance Minister Ibrahim Al-Assaf has written off
SR 16 billion from installment payments of citizens to REDF and the credit bank after the king exempted them from paying installments of two years.
Loans worth Rs 60 billion were written off
during Prime Minister Moin Qureshi's period, while Rs 85 billion were written off
during 2002-2007, under the Pervez Musharraf regime, it added.
According to a paper placed in the House of Commons Library on the first day of MPs' Easter recess, about pounds 133,755,000 was written off
by English councils in 2006/7.
But for Michelle, the success was sweeter because she has been written off
at every step.
It was written off
in a crash and later returned to the road as a five-door hatchback.
As noted in a recent front-page article in The Wall Street Journal, the company's press release noted that over $1 billion in its deferred tax asset account was written off
, with a reference to the notes to its quarterly financial statements.
The commitment to be written off
includes guarantees amounting to DKK6m.
Therefore, it is not surprising that SEC Chairman Arthur Levitt criticized gimmicks such as big baths and the classification of merger costs as in process research and development, which can be written off
Seventeen major banks have written off
an estimated 4 trillion yen or more in bad loans in fiscal 1999, 30% to 40% more than in earlier plans, industry sources said Monday.
They classify an ever-growing portion of the acquisition price as `in-process' research and development, so--you guessed it--the amount can be written off
in a one-time charge--removing any future earnings drag.