Form 1099-C is typically issued if you have debt forgiven or cancelled and the amount exceeds $600.
I have attached a link to the IRS Publication on Canceled Debts with more details on why you would receive this form and how to treat it.
Canceled Debt
Based upon the information in your question, it's a bit hard to decipher why you received the 1099-C. Please comment if you can provide a bit more information on why you were issued this form.
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