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What Is a 1099-C Form and How Does It Affect Your Credit?

Credit Corp

The IRS provides a list of exclusions, which include debts that were forgiven because you were insolvent or involved in certain types of bankruptcies. You may want to double-check with your bankruptcy lawyer about whether you need to claim 1099-C income relevant to your bankruptcy discharge. Bankruptcy Title 11 B.

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Mortgage-Assistance Relief Firm Violates Consumer Finance Regulations

ABI

American Bankruptcy Institute Law Review Staff. . In response to the financial crisis of 2007-2008, and the subsequent rise of unfair and deceptive for profit-mortgage assistance relief services (“MARS”), Congress designated the Federal Trade Commission (“FTC”) to employ rules regarding the regulation of MARS. [1] By: Ilayna M.