Some do send the 1099. Some send them whether you settled or not. They do it when they write you off. However there are exceptions to it being included in income on your tax return. Bankruptcy and insolvency. Insolvency means you can't pay your bills with your income which is why you didn't pay them to start with. Just need to show that when doing your taxes. I forget where it goes on the tax forms.
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Today's Featured Article - A Tractor's Point of View - by John Manley. I began my life on August 3,1941. I was actually built at different times and days but I was officially an M Farmall on August 3.I was real nice and shiny. That�s me, in the old picture, third from the left. I was loaded on that train and sent to a little town in South Carolina. I didn�t get to see much of that town. I was moved off the train fast and on to the dealer�s
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