Are there any tax consequences to debt settlement?

Related FAQs

What are my rights and options when it comes to settling debt?
How will I know if the debt settlement negotiations are successful?
What if I can’t pay the full amount of a debt settlement?
What happens if I can’t afford to settle the debt in full?
How long will it take to settle a debt?
What is a “hardship program” and how can it help with debt settlement?
Can a creditor challenge a debt settlement?
Do I need to hire a lawyer to negotiate a debt settlement?
Can I negotiate a reduced settlement amount?
What penalties or interest can creditors charge when settling debt?

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