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

Related FAQs

Is debt settlement reported to credit bureaus?
How much should I expect to pay for a debt settlement service?
What if the creditor refuses to settle the debt?
Are there any programs offering debt settlement help?
How do I protect my credit score during a debt settlement?
What is a deemed satisfaction and how does that apply to debt settlement?
Is there a minimum debt amount to qualify for debt settlement?
Is debt settlement better than bankruptcy?
Is debt settlement a good way to reduce debt?
How long will it take to settle a debt?

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