Are there any tax consequences to debt settlement?

Related FAQs

What is a “hardship program” and how can it help with debt settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
Who should I contact to settle my debt?
What will happen to my credit score after a successful debt settlement?
What are the risks of choosing to settle a debt?
Is there a minimum debt amount to qualify for debt settlement?
Can I negotiate a lower principal balance as part of a debt settlement?
How much money can I save by settling a debt?
What should I do if a creditor refuses to negotiate a debt settlement?
How do I make sure I receive a fair settlement from my creditors?

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