Are there any tax consequences to debt settlement?

Related FAQs

How does debt settlement impact my credit score?
Do I have to pay taxes on debt settled through negotiations?
How will I know if the debt settlement negotiations are successful?
Are there any services that can help me with a debt settlement?
Can creditors refuse to negotiate a debt settlement?
Are there any alternatives to debt settlement?
How do I stop debt collection calls during the settlement process?
How do I report a debt settlement to the IRS?
Are there any tax consequences to debt settlement?
Are there any drawbacks to settling a debt?

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