Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [debt-discharge]

For questions about debt discharges, charge-offs, debt-forgiveness or bad debts.

Debt discharge, forgiveness or charge off may have various different consequences for both the lender and the debtor. For example, in the US a discharged debt may be considered a taxable income to the debtor and a tax deduction to the lender.

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Mom made me cosign a car with her because her credit is bad and now the account has gotten charged off

My mom made me co-sign a car with her when I was young because her credit was bad and she really needed a car. She stopped paying for the car and now it has been charged off. I am worried about not being able to do things like get an apartment…
concerned-young-adult
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Startup Convertible note write-off debt?

I invested time in a tech start-up during 2013 that has since closed its doors. I received payment in the form of convertible notes... $30,000 in total, which of course have no value now. Is there any sort of tax write-off I'm able to take from…
Matt H.
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Debt collector refuses to send a bill or any info in writing to show debt is mine and it is hurting my credit report. It is not my debt. What to do?

I received a call from a debt collector asking for hospital bills. They said they sent a bill, which they could not tell me what for, the date of service, or when they sent it. Someone is always home (me or my adult child) and all mail is gotten…
Desiree Lauterbach
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Can a closed but undischarged mortgage be reopened easily?

Getting a new mortgage can involve a lot of paperwork and take considerable time. If one (for whatever reason) happens to have an existing mortgage that has been fully paid off but never officially discharged, can that mortgage be easily reopened to…
Ray Butterworth
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Financial Debt status

I took loan of GBP 4000 in 1996 & then left UK in 1997 without paying. I also used credit card & bank cheques for GBP 6000 but left UK without paying. Are these debts erased from my identity now? Can I be prosecuted if I go to UK now?
Mureed rahie
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