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Reply to "Outstanding Debts from 199...????"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Btw if your debt actually ends up forgiven you will get a 1099c. And owe taxes on it. [/quote] Unless it is a disputed account. [b]Or you are insolvent. [/quote][/b] What exactly does this mean? Someone who receives public assistance like welfare or SSI? Because I have heard that those people usually can get off from paying credit card debts since creditors cannot get any public assistance money like Food Stamps garnished.[/quote]
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