debts
Date: Tue, 07/19/2011 - 09:23
I have a question. How can a company collect a debt that they filed as a loss on their taxes. If they claim a loss then Uncle Sam cuts them a tax break. Which means to me that they cannot come after the same debt they filed as a loss right?
Hi! Welcome to the Forums! Your creditor probably have charged
Hi!
Welcome to the Forums!
Your creditor probably have charged off the account and reported it as a loss while filing his tax return. The creditor has full right to collect the debt. You still owe the debt. It is better to pay off the debt in full or settle the debt asap.
Hi, Yes, I agree with Good Nelly! You still owe the debt and th
Hi,
Yes, I agree with Good Nelly! You still owe the debt and the creditor can take any step to recuperate the amount that you owe. Therefore, it is always better to consolidate or settle your debts and repay them in order to avoid any kind of hassles. Do the needful as soon as possible..!!
