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

Related FAQs

What happens if a debt settlement is not completed on time?
What is a “hardship program” and how can it help with debt settlement?
What happens if I miss a payment on a debt settlement?
How does debt settlement impact my credit score?
What is the best way to document a debt settlement?
Is there any way to expedite the debt settlement process?
Can I negotiate a reduced settlement amount?
Is debt settlement a better solution than bankruptcy?
Can I negotiate a lower principal balance as part of a debt settlement?
What fees are associated with debt settlement?

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