What is a deemed satisfaction and how does that apply to debt settlement?

Related FAQs

Can I negotiate multiple debts at once during the settlement process?
How do I report a debt settlement to the IRS?
Is it possible to settle a debt for less than the amount owed?
Is debt settlement a good way to reduce debt?
What fees are associated with debt settlement?
What is the best way to document a debt settlement?
What fees will I pay if I use a debt settlement company?
Who should I contact to settle my debt?
Are there any legal requirements to debt settlement?
How do I make sure I receive a fair settlement from my creditors?

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