Cancellation-of-debt income arises in a variety of merger-and-acquisition contexts, often with unclear tax treatment.

Discusses opinion in Addington where the purchaser of a debtor's LLC interest in a bankruptcy trustee sale did not give the ...

The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions ...

Technically, debts incurred before marriage are considered separate. But there are many ways premarital debt can affect ...

His call aligns with broader discussions at the GSDR on improving coordination between debtors, creditors, and financial institutions to ensure sustainable debt solutions, and help restore ...

If you're struggling with credit card bills, personal loans, private student loans or other kinds of unsecured debts, a debt ... creditors. Our analysis found that opening charges averaged between ...

A debt management plan (DMP) is a type of repayment plan that's set up and managed by a non-profit credit counseling agency like ACCC. As part of ACCC's DMP, creditors may waive late and overlimit ...

Discover how to protect your bank account from creditors through immediate steps, long-term strategies, banking precautions, and seeking legal advice.

JG Wentworth has been helping individuals overcome financial hardships for more than 30 years with a variety of financial solutions. JG Wentworth Debt Relief’s services can help reduce or ...

“Additionally, we are carrying significant debt due to £11 million of essential investment ... The increase in operational expenses and the payment of outstanding creditors cut the amount of cash held ...