Topic: Credit Card---cancellation of debt. Today, 04/27/22, I received a 1099 (cancellation of debt) from a credit card issuer for 2021.

They attempted to send it in February, but the address on file was not valid.  I have already filed taxes for 2021.  What shall I do--amend my taxes or wait until 2022?  I also read something about insolvency but not quite familiar with this.  Can you explain?  I have more than $80,000 in debt, which includes student loans, this card and others.  I currently receive SSI but attempts to earn a little throughout the year.  I have not earned $1000 in the last two years.