Are there any tax implications of debt settlement?

Related FAQs

How does a creditor determine if a debt should be settled?
Do I need to hire a lawyer to negotiate a debt settlement?
Are there any drawbacks to settling a debt?
Are there any programs offering debt settlement help?
How can I ensure I don’t fall behind on payments during the settlement process?
What is a “hardship program” and how can it help with debt settlement?
Is debt settlement a good way to reduce debt?
What fees will I pay if I use a debt settlement company?
What happens if a debt settlement is not completed on time?
Can I negotiate a lower principal balance as part of a debt settlement?

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