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.
Debt Charge-off. Before a creditor charges off a debt, it gives you every opportunity to make payments to bring your account current. Policies vary, but many creditors charge off your account after six months of consecutive nonpayment. At this point, the creditor writes off the debt as a bad-debt expense against an established reserve.