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".

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

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