Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?
Jimerson Firm
FEBRUARY 10, 2022
However, Florida courts have held that charged off debt is not forgiven, as may still be pursued for debt recovery and satisfaction. Banks and credit unions that understand their legal rights following the issuance of a 1099-C can likely continue collection efforts to recover debts that have been previously written off.
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