Are there any tax implications of debt settlement?

Related FAQs

Does debt settlement hurt my chances of obtaining new credit?
How do I stop debt collection calls during the settlement process?
Are there any alternatives to debt settlement?
Do I have to pay taxes on debt settled through negotiations?
How does debt settlement impact my credit score?
What should I do if I can’t agree on a settlement amount?
What are the risks of choosing to settle a debt?
Are there any tax consequences to debt settlement?
Can I negotiate a lower principal balance as part of a debt settlement?
How will I know if the debt settlement negotiations are successful?

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