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, [...]
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Stephen T. Craig is a federally designated debt relief agent and bankruptcy attorney who helps people file for bankruptcy relief under the Bankruptcy Code. He also provides alternative to bankruptcy. Copyright 2021 Trident Debt Solutions, Inc. | 395 Oneida St., Boulder, CO 80303 | 1444 Stuart St., Denver, CO 80204 | 303-872-8492