The typical articles found on the internet
about debt settlement concerning the IRS mentions the «fact» that you will receive a 1099 - C and «will» pay income taxes on the amount forgiven as ordinary income.
Not exact matches
Meanwhile, the Bank for International
Settlements (BIS) expressed
concern about the next recession, stating that «recessions triggered by financial crises are typically preceded by sustained episodes of bubbly asset prices and
debt - financed spending booms.»
However, during September some global institutions voiced
concerns about the speed at which China has accumulated
debt — which has risen from 147 % of GDP in 2008 to 255 % in March of this year according to the Bank for International
Settlements — could hamper the country's ability to maintain its current level of growth.
If I am not planning on buying a house or a car in the next few years, how
concerned should I be
about the impact on my credit score from credit counseling or
debt settlement programs?