Re: Question regarding 1099C...computerguy's reply

Posted by Rapidlygoinggray (64.158.225.9) on January 18, 2004 at 11:11:41:

In Reply to: Re: Question regarding 1099C...computerguy's reply posted by LadynRed on January 18, 2004 at 11:03:32:

okay, so I can throw away that little bit of advice, thanks!

Yes, I did make settlements with MBNA and NEXTCARD in Feb of 03. Thought I was doing the "right" thing.

As far as proving that I was insolvent at the time, I definately had/have more debt than assets with one possible exception...how I was able to make those settlements and pay off as many medical bills, etc as I could was from the property settlement from my divorce of the 401K & IRA. Would getting and using those to try to "catch up" on my bills make being insolvent impossible?

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