Hi, as a director of a company that hasn't been able to pay its creditors, I had to settle directly with some of the creditors and had to bear the legal expenses over several years all with personal funds. The company had D&O Insurance which paid a lumpsum amount last year (2019) as reimbursement for my expenses and closed the account. Please advise on how I should file my taxes and what I should report. The insurance didn't send me any 1099-MISC.
