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Client Declared Bankruptcy

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John Lorentz: J.W. Lorentz & Associates Posted: Fri, Feb 12 2010 11:21 AM

Client declared Chap 7.  Is there a best practice for clearing his past due amount and closing his account or am I simply going to 'write-off' the amount owed.

Thanks

 

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Caren Schwartz replied on Tue, Feb 16 2010 9:05 AM

Entering a write off is the best way to handle this. You can include a note in the write off about why.

 

Caren Schwartz (Moderator/CIC)

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