Are there any tax implications of debt settlement?

Related FAQs

Are there any tax consequences to debt settlement?
Should I be wary of any companies offering “instant” debt settlement?
How will I know if the debt settlement negotiations are successful?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
What are the guidelines for debt settlement under law?
What should I do if a creditor refuses to negotiate a debt settlement?
How do I report a debt settlement to the IRS?
What is the difference between debt settlement and debt consolidation?
Are there any legal requirements to debt settlement?
Who should I contact to settle my debt?

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