FASB’s accounting guidance for troubled debt restructuring by creditors would be eliminated for organizations that have adopted its credit losses standard, under a proposal the board issued Tuesday ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday offering guidance for debt exchange transactions involving multiple creditors. The proposed ASU stems ...

Debt settlement, sometimes referred to as debt resolution, is a type of debt relief service that offers consumers a way to reduce the outstanding balance on their debt. The process involves ...

The embattled chief executive of First Brands, an American auto-parts maker that filed for bankruptcy last month amid an ...

I recently heard that transfer-on-death, or TOD, bank and brokerage accounts and living trusts aren't legally protected from their owner's creditors after he dies. I know TOD accounts and living ...