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 - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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