Tag Archives: credit report

Debt Forgiveness, Form 1099-C and Bankruptcy; You May Have Options to Legally Avoid Tax

Persons who are able to negotiate debts and have them forgiven or reduced are often surprised to find that the IRS considers forgiveness of debt to be income and therefore taxable. Where the amount cancelled is $600 or more the … Continue reading

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A Survey of Debt Collector Lies and Bankruptcy in Colorado

A Survey of Debt Collector Lies and Bankruptcy in Colorado 1. “Once we get a judgement, it’s too late for bankruptcy” Not true, bankruptcy does get rid of debts even if the creditor has a judgement. In some cases a … Continue reading

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Credit Repair

If you or a loved one has filed bankruptcy or needed to adjust your debts, or even missed payments, your credit score may have suffered. Forclosures and short sales, medical debt, and other issues may have also impacted your score. … Continue reading

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