Settled debt in 2012, but no 1099-C

I had a significant (above $30k) credit card debt that I settled for about 60% below the total amount due.

Terms were agreed to in 2011, and payments were made that year and in 2012, and I received the settlement letter, but to this point, almost two weeks into February 2013, no 1099-C.

I'm at the same address I was when I got the credit card, stopped making payments, received collection notices...

The amount of debt canceled was huge for these types of cases, so I doubt we "fell through the cracks."

The original credit card issuer was a major bank, and the collection agency is a "name" one - they probably handle hundreds if not thousands of these settlements a year.

It's almost two weeks after the deadline for getting tax documents, 1099-C included, and I've never received a tax document this late.

So I don't think I "got lucky" here, but am searching for a plausible explanation how I might be escaping the 1099-C.

The only scenario I can think of is if a bank writes the debt off as bad and sells it to a collector, would that mean that my settlement is income to the collector, the original lender already wrote off 100% of the debt, and thus no 1099?

I'm filing my taxes in the next few weeks, but obviously keeping handy the $10k or so I'd owe if a 1099 suddenly appeared in my mailbox.