Just before the atomic bomb was first tested in New Mexico, a distinguished scientist offered an uncollectible bet: ten-to-one that the bomb would set off a chain reaction in the.
Suarez finally decided the strapped journalist was "uncollectible.
Yet the Badian episode might have been forgotten if not for its ties to Refco, which last month admitted to reporting false results after hiding $430 million of uncollectible debt.
Debt buyers suing over old debts Banks have used debt-buying as an investment for years. But in the last decade, entrepreneurs have found a gold mine in buying old debts or accounts that are deemed uncollectible. For consumers, it's not a level playing field.
June 11, 2013 - WIVB Buffalo