If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...
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Gov't launches 'New Leap Fund' bad bank program aimed at buying, writing off delinquent debt
The Lee Jae Myung administration launched on Wednesday the “New Leap Fund” bad bank program aimed at buying up and writing off delinquent debt held by vulnerable borrowers and small business owners.
Since the start of 2023, Nevada has written off more than $106 million in bad debt, money that state officials have determined is impossible or impractical to collect ...
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