Are there any tax implications of debt settlement?

Related FAQs

How do I make sure I receive a fair settlement from my creditors?
Is debt settlement better than bankruptcy?
What is a deemed satisfaction and how does that apply to debt settlement?
How does a creditor determine if a debt should be settled?
Does debt settlement hurt my chances of obtaining new credit?
Are there any programs offering debt settlement help?
Can I negotiate debt settlement with multiple creditors at once?
What if the creditor refuses to settle the debt?
What are the guidelines for debt settlement under law?
What happens if a debt settlement is not completed on time?

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