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Debt Destroy

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Member since: 9/3/2009
Last visisted: 2/23/2010
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Forum posts: 60
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Isabel

Recent Forum Posts

Regarding exemptions, if you are considered insolvent (meaning that your liabilities or debts exceed your assets) you won't have to pay taxes on it but you would have to still report it on your tax returns. You need for it so don't forget to attach an IRS form 982 detailing your assets and income.
High credit card debt - what are the options? - You can also do a d.i.y. debt relief. You can contact your creditors and ask for their hardship program. Prepare proof of your hardship, I'm sure they'd ask for that -- they may not agree to settle with you-but they might bend their terms a bit to acco...
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