Charged off credit card debt

by John
(San Jose, CA)

In CA, I had credit card debt charged off and 1099 sent to me. Can they still come after me for the debt?

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Mar 14, 2016

We can't say for sure. There are some triggers for sending a 1099-C that do not involve actual forgiveness of the debt. That's supposed to change but in the meantime the IRS says that a 1099-C does not mean the debt is no longer owed. We recommend you contact a tax professional.

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