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CC sued me for unpaid debt, judgement followed, now 1099c for amount

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    CC sued me for unpaid debt, judgement followed, now 1099c for amount

    Hi everyone,

    As the title says, I was sued by a credit card company for nearly $30,000 (two accounts combined). There was a judgement against me for the amount. I got another notice of levy a few days ago, but I also got something from the credit card company saying they are discharging the debt and will no longer attempt to collect it. I got two 1099C forms for the accounts.

    How do I have a judgement for accounts that are discharged? I'll be paying taxes on the $30,000 because it's considered income, so I should not also owe the judgement, right?

    Any help is appreciated! Thanks in advance. I'd like to get my finances under control ASAP

    #2
    I would maybe talk to an attorney. Please do not quote me, but it sounds like the credit card company forgave the debt which releases the judgment.

    You will owe taxes on the $30,000 as if it were income, which you already know. However, it sounds like you will not owe the $30,000 anymore.

    Are you sure they forgave the full $30,000? That seems kind of weird that they would forgive the debt after suing and getting a judgment. Definitely a weird situation. See an attorney. For $30,000, the attorney is justified.
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