Thank you so much for that information! I was pretty sure I wouldn't have to pay taxes on that, but when I read something that stated people got 1099-C's for canceled debt, and one source said for some debt in bankruptcies, then I wasn't sure even though I was pretty sure that was wrong.
President Biden's announcement on Jan 13th that he was discharing the student loans of disabled students I hope means discharging now rather than when the 3 year monitoring is over (for me 11/2026) as that would solve the problem. Nelnet (not necessarily a reliable source of information unfortunately even though they are the ones that handle the school loans of those who are filing for disability discharge) however stated he was only talking about what he did historically despite this was included in the news release in a sentence about new action. I sure wish information that gives the actual details of his actions in that executive order would be published soon so I know what is going on. I'd just as soon not have to file for bankruptcy if I don't have to. Just for starters my car insurance rates will go up since that will trash my credit (I live in a state where that is legal).
Thanks again for your answer and links. I appreciate it.
