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