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Friday, November 30, 2012 4:26:28 PM
Debt Forgiveness Exceptions
The most common areas that enable you to avoid or at least minimize the forgiveness of indebtedness income is with respect to the following circumstances: 1. A discharge of debt in a Chapter 11 bankruptcy proceeding; 2. ...
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http://www.avvo.com/legal-guides/ugc/cancellation-of-indebtedness-income-forgiveness-of-debt-income
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