Can debt settlement help with your situation? The basic concept behind debt settlement is that your creditors may be willing ...

Debt settlement involves persuading creditors to accept less than the amount you owe as payment in full. Normally, debt settlement only applies to unsecured debts because creditors can simply take ...

Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent ...