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On Oct. 27, the day the market crashed, Oxford reported it would record a loss on receivables.
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Credit card operators' losses on receivables have further to go as consumer delinquencies trigger rising credit losses and higher provisions for loss reserves.
There were lawsuits, a case of wrongdoing at an acquired company, the significant loss of receivables when Amedisys' lender collapsed and the death of its 36-year-old chief financial officer on New Year's Day in 2002.
Losses on consumer receivables, particularly credit cards, rise along with prime home-mortgage delinquencies and home improvement paper.
What are some creative ways to collect on receivables over 30 days old?
Loans based on receivables and inventories can be quickly liquidated, which is exactly what is happening.
In another obvious move to squeeze working capital, he cracked down on receivables by assessing interest on late payers.
In another obvious move to squeeze working capital, he cracked down on receivables by assessing interest for late payments.
Loss On Charges.
Viacom Posts $18.4B Q4 Loss On Charges.
All banks could be setting aside inadequate reserves for loan losses on mortgages, credit card receivables and commercial and industrial loans, but the Citigroup bailout suggests that the biggest survive but do not necessarily prosper.
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