Glossy847
Level 3
03-01-2023
08:46 AM
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However he received a 1099C from the bank which indicated the debt relief company did not pay them much of what the client sent in and now they cannot contact that company - website is gone, cannot login to their portal. Any recourse for them? I suggested contacting Consumer Financial Protection Bureau. Any other suggestions?
BobKamman
Level 15
03-01-2023
10:16 AM
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The bank must have accepted the amount they received and agreed to write off the rest. Try using the insolvency exception on Form 982.
Glossy847
Level 3
03-01-2023
12:35 PM
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Thank you for your suggestion. I will see if that helps them