gov.ns.ca - Nova Scotia Canada - Government of Nova Scotia

Writeoffs

Debts are written off each year when it is determined that they are unlikely to be paid in cases of personal or commercial bankruptcy, death of the debtor or property foreclosure. Write-offs are a routine accounting process as part of preparing the province's public accounts and do not impact Nova Scotia's deficit or surplus position. Although written off from an accounting point of view, the province will continue its efforts to collect debts.

 



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Dan Harrison
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