I Owe More on My House Than It’s Worth and I Need to Sell. Here’s What to Do Right Now.
Owe more than your house is worth? You can still sell it — here’s how a short sale works, what changed with mortgage debt taxes in 2026, and your options.
cancellation of debt
They Said Student Loan Forgiveness Is Always Tax-Free — Not Anymore in 2026
Forgiveness isn’t always federally tax-free now – the 2021 exclusion expired after Dec. 31, 2025, but PSLF, teacher and disability discharges stay excluded.
Student Loan Forgiveness Is Taxable Again in 2026 — What Changed and How to Avoid the Bill
Student loan forgiveness is taxable again in 2026 — but a rule most borrowers have never heard of can erase the bill entirely.
Zombie Debt 1099: Is Your Old Debt Really Dead?
Quick Answer: Receiving a 1099-C tax form should legally cancel the debt, but creditors increasingly continue collection efforts despite issuing the form. Courts have provided unclear guidance on whether debts are truly canceled after 1099-C issuance, allowing creditors to exploit this legal ambiguity and potentially mislead consumers about their obligations.THE KING OF ZOMBIE DEBT: THE …
Debt Settlement Voided: Is Your Money Still Due?
Quick Answer: Receiving a 1099-C form does not legally discharge debt, and creditors can still pursue collection even after issuing the form. The recent Third Circuit case In re Bononi confirmed that only a formal bankruptcy court discharge actually eliminates the debtor’s legal obligation to pay.A recent posting, “An IRS 1099-C Form Does Not Mean …
