Can My Client Get Out of Paying Taxes on Cancelled Debt After Divorce?

Question: Dear Steve, I have a client who divorced. He received a letter from the IRS stating he owes taxes on $19000 of canceled debt. He didn’t receive a 1099-C. In the divorce he was required to pay 75% of debts, she 25%. The full debt was around $25000 for a car, held in both … Read more

Is Defaulting On My Private Student Loans My Only Choice After a Divorce Where My Ex-Husband Cosigned?

Question: HELP!! I am currently about $400,000 in debt with student loans. Let me start at the beginning. My federal student loan debt was used to acquire my undergraduate degree while staying at home and raising my new born son. I’m fine with this. Apx $100,000. I married shortly after that and my husband decided … Read more

Get a Child Support Order, File Bankruptcy, and Give the Finger to Deadbeat Dad

Question: Dear Steve, My children’s Deadbeat Dad was $27,000 in debt with two college degrees, then got in trouble with the law, and continued to work part-time in construction while our family accumulated further debt. We’ve been separated (not legally) for nearly five years, and while I have supported our two children, he moved in … Read more

Why is the Hospital Coming After My Husband for the Medical Debt of His Ex-Wife?

Question: Dear Steve, My husband’s ex-wife incurred a hospital bill for a broken leg prior to their divorce. she was not covered under a health plan at that time, so she was responsible for the entire hospital bill. As part of their divorce agreement, which was signed by the Judge, the hospital debt was assigned … Read more

My Ex-Husband Committed Suicide With Me Still On His Credit Cards

Question: Dear Steve, My ex husband died, suicide. We have been divorced 7 years. We had no outstanding credit card debt when divorced. There is an attorney handling his estate and I was contacted and told that there are 2 credit cards that still have my name on them and there is now a balance … Read more

Should I Go With Greenlink or Personal Lending Group to Get Out of Debt?

Question: Dear Steve, I have a couple of strikes against me. First strike is that I have an ex-husband who sticks me with medical bills and our 3 children’s extra curricular activities. All are under ages 15. The 2nd is that I am a poor money manager. Before I knew it I was over my … Read more