My question involves collection proceedings in the State of: NY
Not sure if this question is in the right place cause it covers different topics.
If you have consumer debt and the SOL on it has expired can this debt then still legally be "forgiven" by the creditor triggering the 1099 and potential tax liability?
Also, if you have a consumer debt lawsuit filed against you that is ultimately "dismissed with prejudice" by the judge can this then be "forgiven" by the creditor triggering the 1099 and potential tax liability?
Thanks.

