Short Sales, home loan write-downs and foreclosure can all result in cancellation or forgiveness of debt for the borrower. Debt cancellation can result in taxable income to the borrower. There are many debt cancellation tax articles published on Bankruptcy Law Network. However, there are several ways to exclude debt cancellation from  taxable income. Congress has [...]
debt forgiveness
Part 3 of my review examines Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know”, Chapter 5: Negotiate! The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this [...]
