Tag Archives: settlement

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class="post-680 post type-post status-publish format-standard hentry category-debt-settlement tag-1099-for-canceled-debt tag-settlement">

You do NOT owe income tax after settling collections if you were INSOLVENT

Please check my 3/7/13 posting on 1099-Cs for important updates! I’m currently working with a client who is considering settling debts and concerned with having to pay income tax as his accounts are still owned by the original creditors.  So I did some research and I just reviewed the current rules. As always, I’m NOT […]

Update: White v. Experian class action settlement

I previously posted White v. Experian et al: CRAs must update SOME discharged accounts after bankruptcy filing with the detailed analysis of the settlement with respect to credit reporting. Recently they sent notices to the class members and here is my post with more information on the settlement: White v Experian class action: how to claim your […]

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