Re: Can a Creditor take money from my salary/income?

Posted by LadynRed (199.91.33.254) on January 07, 2004 at 09:18:18:

In Reply to: Re: Can a Creditor take money from my salary/income? posted by Judgmental on January 07, 2004 at 03:48:10:

To add to what Judgmental said, if you can prove that you were insolvent when the 1099-C was issued, you will NOT have to claim what's on the 1099 as income. Proving insolvency isn't all that hard - it means you have more debt than you do assets.

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