In addition to what has already been posted in replies, please know that if you are insolvent now because of debt (net worth less than your debt), you do not have to report the amount of the 1099-C, but rather there is a form 982 that you need to file to explain why the amount of the 1099-C should not be added to your income for taxation.
More info on this if it is applicable to you:
https://helpsishere.org/1099c.html
