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

Related FAQs

Is there a minimum debt amount to qualify for debt settlement?
Are there any tax implications of debt settlement?
What if the creditor refuses to settle the debt?
How does a creditor determine if a debt should be settled?
Can I negotiate more than one debt settlement at once?
How do I make sure I receive a fair settlement from my creditors?
What penalties or interest can creditors charge when settling debt?
What is the average debt settlement amount?
What should I do if a creditor refuses to negotiate a debt settlement?
Are there any legal requirements to debt settlement?

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