Circular A-129 Attachment: Write-Off/Close-out Processes for Receivables
ATTACHMENT: Write-Off/Close-out Processes for Receivables
Write-off occurs when the agency determines that the likelihood of collection is less than 50%, but no later than two years from the date of delinquency.
* Debt collection tools are described in Section V of this Circular. Agencies should use all tools, as appropriate, prior to and after the debt is written off.