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No money is given back to you, and a bankruptcy stays on your credit for 10 years.

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16y ago

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What if you get a 1099-C but the debt was settled?

That is a side effect of settling a debt. You really don't get out of it. The company you settled with reports that as money you received. You have to claim it on your taxes in the end.


Invalid check is it still money owed to you?

If the check is invalid, then the debt has not been settled. The money is still owed to you and you can collect it in another form.


What does it mean when you see someone giving money to someone else?

They owe them money and are repaying a debt or are loaning them some.


Can remove a banruptcy off your credit before 7 years?

No. Bankruptcy remains on your record. Check this site. http://www.americanfinancialfreedom.org/debt-consolidation/bankruptcytitle11.aspx


Do life insurance companies ever pay off debt before giving the beneficiary the money?

No.


Can you exclude your spouse when filing a Chapter 7?

Yes, but do you want to. If your spouse is signed with you on any loan or credit card and he/she doesn't file for banruptcy, he/she will now be responsible for the debt.


Is there a compromise made with the irs relief tax?

Many companies work with the tax debt companies to help relieve tax debt. There are many tax debt lawyers that can help you get this settled for a significant amount of money cheaper than what you owe.


If you've settled a debt with a credit collection agency can the original creditor buy back the account and try and charge you again?

No ... you have the proof that the debt was settled.


How do you make a debt on doodle god?

Bank + Money = Debt Money+ House = Bank Gold + Paper= Money


What colony was settled for people with debt?

Georgia.


In Arizona once a bank repose an auto isn't that a settled debt?

Not necessarily. If the money you owed them was more than the car is worth, then you are still liable for the difference.


Does it show a balance if you settled a debt?

If you settled a debt, it typically means you reached an agreement with the creditor to pay a reduced amount to satisfy the debt, which may be reflected on your credit report. However, the balance on the account would show as zero if the debt was fully settled. It’s important to check your credit report to ensure it's accurately updated to reflect the settlement, as this can impact your credit score.