Do I have to pay taxes on debt settled through negotiations?

Related FAQs

What is an unsecured debt and how does it impact debt settlement?
What happens if I miss a payment on a debt settlement?
Are there any risks associated with using a debt settlement firm?
Is debt settlement a good way to reduce debt?
Can I negotiate a debt settlement over the phone?
Are there any laws governing debt settlement?
What fees will I pay if I use a debt settlement company?
What happens if a debt settlement is not completed on time?
Is there any way to expedite the debt settlement process?
Are there any tax consequences to debt settlement?

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