I have settled with a debt collector in 2011, but

I have settled with a debt collector in 2011, but my debt settlement is not paid in full until 2012. My question is will I get a 1099 c in 2011 or when the settlement is paid in full?. I live in Texas.

2 Answers

You'll are likely to get the 1099C form after settling the debts completely. 


You have mentioned that your debt settlement will not get paid in full until 2012. Once you pay off the debt as per the debt settlement plan, then you will receve the 1099c form.


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