Debt cancellation can erase what you owe under certain circumstances, but it's not always as simple as it sounds.

When you're struggling with growing credit card debt, finding relief can feel like a weight has been lifted off your shoulders. Whether through negotiated settlements, forgiveness programs or ...

A lot has been written about forgiveness. Perhaps Mark Twain described it best: "Forgiveness is the fragrance that the violet sheds on the heel that has crushed it." But for our purposes, Oscar Wilde ...

Millions of student loan borrowers will see the “light at the end of the tunnel” after the Trump administration agreed to ...

For a number of years, taxpayers, the IRS and the courts have disagreed about the proper treatment of S corporations that have cancellation-of-debt (COD) income and are insolvent. Recently the U.S.

Millions of student loan borrowers will soon see their debt forgiven. The Trump administration has agreed to restart and speed up loan cancellations for those in income-driven repayment plans. This ...