Sentence examples for write off liabilities from inspiring English sources

The comptroller also identified $870 million in additional resources, contending that the surplus at the end of 2002 will be higher than the mayor expects, tax revenues will be more robust and the city will be able to write off liabilities.

"I like being written off.

The aircraft was written off.

Underestimating or writing off.

Xerox also paid a penalty of $10m without admitting liability.Liberty Media joined the club of companies forced to write off the value of acquisitions made during the technology boom.

Pittsburgh has also adapted, in part, by capitalizing on what otherwise might be written off as a liability.

The company said it wrote off pension and retirement liabilities amounting to 155 billion yen during the year.

Merrill Lynch said yesterday it was cutting 4,000 jobs – one in 10 of its workforce - after writing off billions of dollars in liabilities related to the sub-prime mortgage market.

It wrote off some $3 billion of pension liabilities, began taking steps to close five plants, assigned more realistic values to real estate and securities holdings, and adopted accounting standards aimed at bringing the company closer to international practices.

If you have no estate, or the estate isn't sufficient to cover all liabilities, they get written off and creditors cannot chase surviving family members, no matter how big the debt.

But the creditors believe that Hynix might be palatable for buyers if they wrote off nearly $1 billion in debts that are maturing this year and formed a new schedule to cover the rest of the company's liabilities.