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

Related FAQs

What is the difference between debt negotiation and debt settlement?
How does debt settlement impact my credit score?
Can a creditor challenge a debt settlement?
Is it possible to settle a debt for less than the amount owed?
What happens if I can’t afford to settle the debt in full?
What documents do I need to provide during a debt settlement process?
What is a debt settlement plan and how does it work?
Are there any laws governing debt settlement?
What fees are associated with debt settlement?
Are there any costs associated with a successful debt settlement?

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