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 Posted: Fri Feb 08, 2008 10:12 pm Subject: 1099c |
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I received a 1099c for a debt from 2006. I was wondering if you could claim Insolvency exclusion with this debt?
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the3thompsons
Joined: 08 Feb 2008
Posts: 1
Debtcc Points: 23
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| Posted: Sat Feb 09, 2008 6:35 am Subject: |
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If you got a 1099c, the instructions should be with it, but just in case they are not, you can visit this link and it will explain the responsibility of the debtor there.
http://www.irs.gov/pub/irs-pdf/f1099c.pdf
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jos82003
Joined: 18 Jan 2008
Posts: 177
Debtcc Points: 3483
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| Posted: Sat Feb 09, 2008 8:56 pm Subject: 1099-C |
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| Quote: | | I received a 1099c for a debt from 2006. I was wondering if you could claim Insolvency exclusion with this debt? |
Just curious...did you happen to receive that 1099-C from Portfolio Recovery Associates?
If you did, you might want to check out budhibbs.com. The validity of these 1099-C'S may be in question. I posted a tab about this on the debt collection forum earlier today.
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Tabby
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