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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

FEBRUARY 10, 2022

Generally, if debtors owe a debt to a lender, and the lender cancels or forgives that debt for less than its full amount, the debtor is treated for income tax purposes as having income and may have to pay tax on this income by virtue of a 1099-C filing from the lender. Charging Off” Uncollectable Debt. See Caplinger v.

Lender 98
Lender Credit Unions Credit Unions Collections 98
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Domesticating and Enforcing Your Foreign Judgments With a Massachusetts Collections Attorney

Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. Our Experienced Collections Attorneys Knows How to Enforce Foreign Judgments in Massachusetts. Not Just Domestication — Enforcement, Too.

Judgment 52
Judgment Collections Debtor Foreclosure 52
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