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

Related FAQs

What is the difference between debt negotiation and debt settlement?
When can I start making payments on my debt settlement?
What documents do I need to provide during a debt settlement process?
What if I can’t pay the full amount of a debt settlement?
Are there any risks associated with using a debt settlement firm?
Are there any programs offering debt settlement help?
Do I need to hire a lawyer to negotiate a debt settlement?
Can I settle a debt if I’m unemployed?
Are there any potential risks if I choose not to settle my debts?
What is the average time frame for debt settlement negotiations?

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