Legal Question in Credit and Debt Law in Texas

debt cancellation

If a creditor sends a borrower and the IRS a 1099 stating that the debt has been cancelled and the borrower pays taxes owed for the 1099, can the creditor sue for this same debt? Thank you


Asked on 6/04/03, 9:36 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: debt cancellation

The short answer is "Yes".

Read more
Answered on 6/05/03, 10:11 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas