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	<title>How To Go Bankrupt &#187; taxable income</title>
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		<title>Do you need to pay tax on credit card debt negotiated down?</title>
		<link>http://howtogobankrupt.org/do-you-need-to-pay-tax-on-credit-card-debt-negotiated-down.htm</link>
		<comments>http://howtogobankrupt.org/do-you-need-to-pay-tax-on-credit-card-debt-negotiated-down.htm#comments</comments>
		<pubDate>Sun, 06 Feb 2011 04:50:30 +0000</pubDate>
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				<category><![CDATA[Debt Settlement]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[irs]]></category>
		<category><![CDATA[taxable income]]></category>

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		<description><![CDATA[We are trying to negociate 50,000 credit card down to 25,000.  Is it true that you need to pay taxes on the amount settled to the IRS.  See post below:
&#34;Do you have the settlement amount in full? When you try to negotiate settlements, often times you need to have enough
funds to make large [...]]]></description>
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		<title>Is debt settled after dismissing Chapter 13 bankruptcy case, income tax exempt?</title>
		<link>http://howtogobankrupt.org/is-debt-settled-after-dismissing-chapter-13-bankruptcy-case-income-tax-exempt.htm</link>
		<comments>http://howtogobankrupt.org/is-debt-settled-after-dismissing-chapter-13-bankruptcy-case-income-tax-exempt.htm#comments</comments>
		<pubDate>Sun, 01 Nov 2009 09:41:39 +0000</pubDate>
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				<category><![CDATA[Debt Settlement]]></category>
		<category><![CDATA[chapter 13 bankruptcy]]></category>
		<category><![CDATA[creditors]]></category>
		<category><![CDATA[enough money]]></category>
		<category><![CDATA[tax forms]]></category>
		<category><![CDATA[taxable income]]></category>

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		<description><![CDATA[I filed a Chapter 13 bankruptcy, then dismissed it when I was not able to get a helpful deal from the creditors.  I was able to get enough money together to settle with them after the case was dismissed.  I have received the tax forms from them claiming that the debt might be [...]]]></description>
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