Are there any tax consequences to debt settlement?

Related FAQs

What is the difference between debt negotiation and debt settlement?
Can I be sued while in the process of settling a debt?
What are the risks of choosing to settle a debt?
When can I start making payments on my debt settlement?
How do I report a debt settlement to the IRS?
Is debt settlement reported to credit bureaus?
What is an unsecured debt and how does it impact debt settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
How much should I expect to pay for a debt settlement service?
Are there any ways to avoid paying for a debt settlement service?

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