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. Charging Off” Uncollectable Debt. 1.6050P-1(b)(2)(i). See IRS Info. 2005–0207, 2005 WL 3561135 (Dec.
Let's personalize your content