Bad Debt Recovery

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Bad Debt Recovery

Partial or whole payment of a debt previously thought to be uncollectible. For example, if a credit card has been written off but then the credit card company receives a payment, this is considered bad debt recovery. This reduces a company's accounts receivable and generally increases income. Bad debt recovery may come from the receipt of a regular payment or from some other source, such as the sale of a loan's collateral.
References in periodicals archive ?
Dispositions in 2017 and 2018 decreased Core FFO which was partially offset by higher operating income driven by increased base rents and bad debt recoveries, reduced interest expense due to the reduction in debt outstanding with disposition proceeds and higher interest income from invested excess cash.
Would they remain as employees of the state-owned loan administration company, despite of their very limited skills in dealing with bad debt recoveries? Nobody at the co-ops was trained in loan recoveries and dealing with debt defaulters, as we know and this has contributed to the failure of the CCB to reduce its NPLs.
TCBFC reported an improved annualized return on equity of 7.1% in the first half of 2011, mainly due to a one-off gain on bad debt recoveries. Fitch expects profitability to remain subdued in 2012, due to compressed interest margins and limited trading gains amid heightened market volatility.
narrowed its first-quarter loss in 2004 over 2003 results, attributing the improvement in earnings to higher sales, bad debt recoveries, spending cuts and improved factory efficiencies.