Tag Archives: cancellation of debt

What To Do About Debt Problems

Having debt is as American as apple pie, but too much debt can create stress, and lead to many problems: Collection Calls, Lawsuits, etc. If you need help with debt problems, the best advice is to sit down with an experienced attorney to review your options. Its Only Money This may seem obvious, but understand […]

Cancellation of Debt Income?

I am hearing from more and more of my clients about who have received notices concerning cancellation of debt income. Some have received a form 1099C, others have gotten notices from the IRS concerning the failure to include cancellation of debt income in a prior year’s tax return. It is not unusual for debts which […]