The supporting cast includes Sean Young as ill-tempered Lois Einhorn, Udo Kier as the sinister Ronald Camp, and rapper Tone Loc as Ace's detective pal Emilio (Loc also wrote and performed a song for the closing credits). ~ Mark Deming, Rovi.
A charge off account is a tax and accounting maneuver done by a creditor. It means that they are reporting the debt as a loss on their income taxes so that they may claim it as a deduction from their income. A charged off debt does not mean that the creditor can't try to collect the debt in the future.
Understanding Charge-Offs. A charge-off is what happens when the creditor you owe chooses to write off your account and close it for the future. So when you have an account thatâs been âcharged-off,â you still owe that debt even though the account is closed. It doesnât wipe out your debt; only you can resolve the debt when you pay it off.