iOS app Android app

Debt Cancellation

The Truth About Loan Forgiveness, Cancellation and Discharge

Equal Justice Works | Posted 01.15.2016 | College
Equal Justice Works

It's not a myth! Every student loan borrower has to repay their debt, even if they are unable to find a job after graduating or didn't graduate at all. However, some repayment options can lead to your federal student loans being forgiven, canceled, or discharged.

Your Bank Forgave Your Mortgage Debt, but Will the IRS?

Anna Cuevas | Posted 05.19.2012 | Business
Anna Cuevas

Does a homeowner have to pay taxes on mortgage debt that's been forgiven or canceled? Some reduced or canceled debts do have to be treated as income, but not all. It depends on their circumstances and the amount of debt.

Help Haiti? Let Haitians Stay in U.S. and Cancel Haiti's Debt

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

If there were ever a time that these wrongheaded U.S. policies towards Haiti could be turned around, surely that time is now.