afskriver

An afskriver is a term used in certain legal and financial contexts, particularly in Denmark, referring to someone who writes off or cancels a debt or a claim. This can occur in various situations, such as when a debt is deemed uncollectable by a creditor or when a loss is recognized for accounting purposes.

In a debt collection scenario, an afskriver would be the entity, usually a company or financial institution, that decides to formally cease attempts to recover a debt. This decision is often made after a thorough assessment of the debtor's financial situation and the likelihood of successful recovery. The debt is then removed from the active accounts, though it may still be recorded for internal reporting or potential future recovery if circumstances change.

For accounting purposes, an afskriver can also refer to the act of writing off an asset that has lost its value or is no longer considered useful. This impacts the balance sheet by reducing the value of assets. The term implies a formal process of de-recognition of the asset from the company's books. The specific procedures and implications of being an afskriver are governed by relevant financial and legal regulations.