debt cancellation

Date: Thu, 02/10/2011 - 13:10

Submitted by anonymous
on Thu, 02/10/2011 - 13:10

Posts: 202330 Credits: [Donate]

Total Replies: 2

afni offered me a settlement to close my account. after doing so they sent a 1099 showing it as a cancellation of debt. can they do that?

afni offered me a settlement to close my account. after doing so they sent a 1099 showing it as a cancellation of debt. can they do that?

Submitted by on Thu, 02/10/2011 - 13:10

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yes, if the debt was cancelled they can and are required to do so.

Submitted by on Thu, 02/10/2011 - 13:41

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