WebMar 13, 2012 · credit911. Posted March 13, 2012. credit911. Members; 40 Location: CA Report; Share; Posted March 13, 2012. Congrats on getting the sat, and yes when an entity is awarded a civil judgment they are permitted to sell the judgment. WebMar 13, 2012 · Im aware that you get a 1099c when you settle a debt with a creditor for less than what is owed. The difference is considered income, with a few exemptions and exceptions.I'm curious about some other scenarios. Is it considered taxable income if:-the SOL expires on the debt?-a creditor sues and t...
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