The process of a creditor canceling a debt previously owed by a debtor. This can occur for number of reasons such as fraud, court order, or mutual agreement between both parties.
Related information about debt cancellation:
- Home Foreclosure and Debt Cancellation
Sep 6, 2012 ... Home Foreclosure and Debt Cancellation. Update Dec. 11, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows ...
- The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Aug 3, 2012 ... The following are the most commonly asked questions and answers about The Mortgage Forgiveness Debt Relief Act and debt cancellation: ...
- Tax Topics - Topic 431 Canceled Debt – Is It Taxable or Not?
Nov 7, 2012 ... A debt includes any indebtedness whether you are personally liable or liable only to the extent of the property securing the debt. Cancellation ...
- Debt relief - Wikipedia, the free encyclopedia
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity ...
- Debt Cancellation Contract Definition | Investopedia
... to repay a loan due to an event such as death, disability or involuntary loss of employment. A debt cancellation contract is an alternative to a life insurance plan .
- 100 Percent Debt Cancellation? A Response from the IMF and the ...
At the close of the last millennium, the international community succeeded in achieving an ambitious and important goal in our shared fight against poverty.
- Jubilee USA: Debt Cancellation: The Biblical Norm
By Tim Atwater. The Jubilee campaignís origins are linked with the Biblical Year of Jubilee, outlined in Leviticus 25-26, a magnificent and widely ignored text ...
- What is Cancellation of Debt?
A common topic in politics, especially in countries that lend significant amounts of money to poorer countries, is whether debt cancellation might be considered.