Debt Relief: Options for Managing and Reducing Debt Burdens

Learn how debt settlement affects taxes, when forgiven debt is taxable income and how exceptions like insolvency may help you owe less to the IRS. Read on.

Debt settlement pays less than you owe on select debts; bankruptcy is a legal process that can erase most debt. Here's how they compare and which to choose.

Negotiate debt settlement yourself by saving a lump sum, contacting creditors, offering around 30%, and getting it in writing. A free, step-by-step DIY guide

Bankruptcy doesn't clear all debt. See which debts get discharged, which survive, and how Chapter 7 vs. Chapter 13 changes what you still owe.