I consolidated all my debt and received 2 1099-c's from the banks. In total its around 10,000.
What happens if I dont report this to the IRS?
I did read up about being insolvent, and indeed I settled because I could not pay my CC any longer.
I am debt free and there still trying to get money out of me, just wondered the best way to go. Has anyone else out there not filed this and what happened?