§ 12435 Controller Debt Write-Off Criteria
A small business owes the government $500, but they went out of business and have no money left.
The Controller checks and sees the business really has no money. They decide it's not worth trying to collect the $500 because the business is gone and there's no way to get the money back.
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§ 12435 Controller Debt Write-Off Criteria
Last verified: January 22, 2026