What is Profit Loss Write Off

[LISAMDCG]

My question involves collection proceedings in the State of Michigan again. I already posted about my federally backed student loans. I also have two private loans that I have not paid on in two years. My credit report states for these two loans "profit and loss write off". Can you tell me what this means and does that have any implications on collection.
Thanks again,
LM

[Mr. Knowitall]

When a loan is written off, the lender takes a tax deduction. It's an accounting issue. It does not prevent them from later recovering what you owe.