Re: Accord and Satisfaction Letters

Posted by Why Chat (209.240.222.130) on April 12, 2002 at 18:56:50:

In Reply to: Accord and Satisfaction Letters posted by anon on April 12, 2002 at 17:23:17:

As I have said before,if you settle OK with a ca,(including removing derogs from your report) and they DON'T resell your unpaid balance to another ca who can put it back on,they are required to send you a 1099 on the unpaid amount. It will be taxable income.

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