Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?
Jimerson Firm
FEBRUARY 10, 2022
Banks and credit unions that understand their legal rights following the issuance of a 1099-C can likely continue collection efforts to recover debts that have been previously written off. In following In re Reed , the court similarly noted “that it would be inequitable to find otherwise.” Conclusion.
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