Are there any tax consequences to debt settlement?

Related FAQs

Are there any services that can help me with a debt settlement?
What is the difference between debt negotiation and debt settlement?
What should I do if I can’t agree on a settlement amount?
Are there any drawbacks to settling a debt?
Can I negotiate multiple debts at once during the settlement process?
Are there any risks associated with using a debt settlement firm?
How do I report a debt settlement to the IRS?
Is debt settlement a good way to reduce debt?
Are there any laws governing debt settlement?
How can I make a debt settlement offer more attractive to creditors?

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