There may be Court docket oversight within your repayment plan.  And under debt consolidation programs, a 1099-C could possibly be issued for almost any credit card debt that is certainly cancelled, building that credit card debt taxable cash flow.  Each time

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The Diamond Legislation Group was Established by Attorney Seth Diamond. Seth focuses his observe on bankruptcy, private damage, as well as other civil litigation issues. He's certified to practice regulation during the states of Maryland, Florida, and Washington, D.C. Seth was won quite a few ho