When someone settles a debt, the creditor is entitled to send the debtor a Form 1099 for the difference between the total debt and the settlement...

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Plenty of people file for bankruptcy protection for the very reason you describe. However, there are risk factors if any debt falls under the...

You can FILE bankruptcy on tax debt even if you didn't file the tax returns, but it is unlikely that you can eliminate the tax debt in bankruptcy....

You did not "go bankrupt" in 2011 because the federal government stopped offering this option in 1979. However, you might have filed for bankruptcy...

If you can't pay your unsecured debt, creditors could sue you. Well, so what! They can't take your social security money unless you foolishly...

The answer depends on the relationship between the original creditor and their agent, collector, or attorney. In most cases, I settle, the payment...

Losing a case in court can be an expensive experience. In most states, the creditor can garnish your paycheck or attach your bank account once a...

Read your contract. Everyone will be different. Hope this perspective helps!

In most states, spouses are 100% responsible for paying for each other's medical care, whether dead or alive. If your spouse left property subject...

No matter how competent an attorney is or how simple the case might be, the courts are backed up. If there is a way to persuade a judge to "move it...