The weight of carrying debt month after month can be extremely heavy, and, over time, it can have a real impact on your financial health. Whether it's from medical bills that piled up after an ...

“This is a tremendous win for borrowers,” Winston Berkman-Breen, legal director for Protect Borrowers, told CNBC. (2) “The ...

Hailed as a win for borrowers, the agreement will enable more enrollees in income-driven repayment plans to have their remaining debt canceled. By Tara Siegel Bernard More student loan borrowers ...

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be “wholly worthless,” and if the debtor reports cancellation-of-debt (COD) income, the ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

When you're struggling with growing credit card debt, finding relief can feel like a weight has been lifted off your shoulders. Whether through negotiated settlements, forgiveness programs or ...

A lot has been written about forgiveness. Perhaps Mark Twain described it best: "Forgiveness is the fragrance that the violet sheds on the heel that has crushed it." But for our purposes, Oscar Wilde ...

SEVILLE, Spain (Reuters) -Activists marched in blistering heat through southern Spain's Seville on Sunday, calling for debt cancellation, climate justice and taxing the super rich on the eve of a UN ...

The Tax Court held that a married couple’s interest in their retirement account was not considered an asset for purposes of the cancellation-of-debt (COD) insolvency test, and thus the taxpayers could ...