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	<title>Debt Prison &#187; settlement</title>
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		<title>Settled Debt is Taxable Income</title>
		<link>http://debtprison.net/wordpress/296/settled-debt-is-taxable-income/</link>
		<comments>http://debtprison.net/wordpress/296/settled-debt-is-taxable-income/#comments</comments>
		<pubDate>Tue, 03 Feb 2009 01:42:26 +0000</pubDate>
		<dc:creator>Debt Prison</dc:creator>
				<category><![CDATA[Collection Agencies]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[settled]]></category>
		<category><![CDATA[settlement]]></category>
		<category><![CDATA[taxable]]></category>
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		<description><![CDATA[The amount of debt you settle may be taxable by Federal and State Government. Most people are not aware that if the amount of settled debt surpasses $600, the IRS considers this taxable income. If you have settled with a creditor on a debt, they should send you a 1099-C tax form. This form will list [...]]]></description>
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		<title>Collection Agencies: Get Everything in Writing!</title>
		<link>http://debtprison.net/wordpress/170/collection-agencies-get-everything-in-writing/</link>
		<comments>http://debtprison.net/wordpress/170/collection-agencies-get-everything-in-writing/#comments</comments>
		<pubDate>Thu, 31 Jul 2008 01:29:18 +0000</pubDate>
		<dc:creator>Debt Prison</dc:creator>
				<category><![CDATA[Collection Agencies]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[collection]]></category>
		<category><![CDATA[letter]]></category>
		<category><![CDATA[settlement]]></category>
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		<description><![CDATA[I never cease to be amazed by the outright lies of collecton agencies and the creditors they represent. Recently I discussed how do deal with a collection agency with a certain reader. She was trying to settle a debt for her daughter and I gave her some advice about how to conduct the debt settlement [...]]]></description>
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		<title>Reasons not to file bankruptcy or settle your debts</title>
		<link>http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/</link>
		<comments>http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/#comments</comments>
		<pubDate>Fri, 19 Oct 2007 03:23:40 +0000</pubDate>
		<dc:creator>Debt Prison</dc:creator>
				<category><![CDATA[Collection Agencies]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[not to]]></category>
		<category><![CDATA[reasons]]></category>
		<category><![CDATA[settlement]]></category>

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		<description><![CDATA[When all the money you make each month isn&#8217;t enough to pay your minimum payments it can be quite disheartening. Your thoughts may drift into the worlds of bankruptcy and debt settlement. I remember in the summer of 2005 not being able to make ends meet and not sleeping well. My phone was ringing off [...]]]></description>
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		<slash:comments>4</slash:comments>
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