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Blog | Trident Debt Solutions

Trident Debt Relief Blog

Bankruptcy Alternatives

I have credit card debt but I don’t want to declare bankruptcy. Are there other options? Yes! While bankruptcy is a legitimate means of obtaining debt relief in certain situations, it is one that [...]

Will debt settlement work for me?

Do you owe $30,000 or more in unsecured debt and have suffered some significant financial hardship? Do you have any savings or other liquid assets that you can use for a lump-sum payment of about [...]

Is cancellation of debt always taxable?

Cancellation of debt is not always taxable, although when your debt is cancelled and you save more than $600, the creditor is required to send you what’s called a 1099-C form. This form reports [...]

What is cancellation of debt?

Cancellation of debt is an IRS term. When you settle a debt, the creditor will issue you a 1099-C (“Cancellation of Debt”) form reflecting the amount of the debt cancelled through the settlement, [...]

Can a creditor threaten me?

The Fair Debt Collection Practices Act prohibits debt collectors from threatening you. If you do receive threats from a debt collector, I recommend that you contact the Colorado State Attorney [...]