Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?
Jimerson Firm
FEBRUARY 10, 2022
At the same time, however, the account owner/debtor is still responsible for the balance, and the lender/creditor can still make an effort to collect what is owed, with obvious exceptions being discharged or dischargeable bankruptcy filings. As a result, a loan that is charged off is written off and deemed a loss of principal and interest.
98 
Let's personalize your content