Are there any tax implications of debt settlement?

Related FAQs

What penalties or interest can creditors charge when settling debt?
What if the creditor refuses to settle the debt?
What is the average time frame for debt settlement negotiations?
How do I know if a debt settlement company is reputable?
Are there any ways to avoid paying for a debt settlement service?
What is a deemed satisfaction and how does that apply to debt settlement?
Is debt settlement a better solution than bankruptcy?
Are there any tax implications of debt settlement?
How much should I expect to pay for a debt settlement service?
Can I negotiate a reduced settlement amount?

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