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Debtconsolidationcare.com - the USA consumer forum

Cajunbulldog

Date: Wed, 12/23/2009 - 09:41

Submitted by Badabing
on Wed, 12/23/2009 - 09:41

Posts: 58 Credits: [Donate]

Total Replies: 6


You said, back in 2006
"In our recent economy crash,many creditors have been forced into taking settlements and extended payment plans. It would advisable to anyone to always call creditors asking about hardship plans before becoming late on their loans or cards.Remember creditors are easier to deal with than collectors and a 1099c for forgiven debt is not taxable if you qualify for being insolvent per Irs standards. "


Can you expound on this? have a tax code cite I can take alook at?