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	<title>The Guide to Cancellation of Debt &#187; Bankruptcy &amp; Insolvency</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</description>
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		<title>Hurry Up..The Mortgage Forgiveness Debt Relief Act Expires in 2010</title>
		<link>http://cancellationofdebt.org/hurry-up-the-mortgage-forgiveness-debt-relief-act-expires-in-2010</link>
		<comments>http://cancellationofdebt.org/hurry-up-the-mortgage-forgiveness-debt-relief-act-expires-in-2010#comments</comments>
		<pubDate>Wed, 06 Jul 2011 02:44:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Indebtedness]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[mortgage debt]]></category>
		<category><![CDATA[mortgage forgiveness]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=217</guid>
		<description><![CDATA[Most people realize that there is a law in place that allows homeowners to exclude certain cancellation of indebtedness. What many folks don&#8217;t realize is that the law is set to expire at the end of 2012. As the law stands now, you are allowed to exclude canceled debt from income only if it is [...]]]></description>
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		<title>Should I file Bankruptcy as a Result of my Short Sale or Foreclosure?</title>
		<link>http://cancellationofdebt.org/should-i-file-bankruptcy-as-a-result-of-my-short-sale-or-foreclosure</link>
		<comments>http://cancellationofdebt.org/should-i-file-bankruptcy-as-a-result-of-my-short-sale-or-foreclosure#comments</comments>
		<pubDate>Sat, 02 Jul 2011 22:56:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Mortgage Cancellation of Debt]]></category>
		<category><![CDATA[Taxes & Mortgage Relief]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[short sale]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=205</guid>
		<description><![CDATA[I often hear that folks who are going through a short sale are told that they should file bankruptcy.  While it is true that any debt that is cancelled in a title 11 bankruptcy is not taxable (subject to attribute reduction), I don&#8217;t think that bankruptcy should be your first choice.  Bankruptcy alone can cost [...]]]></description>
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		<title>Recourse and Nonrecourse Debt: How to Analyze</title>
		<link>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze</link>
		<comments>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze#comments</comments>
		<pubDate>Thu, 12 May 2011 01:22:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=116</guid>
		<description><![CDATA[People who have homes that are going into foreclosure have enough things to consider. Once they are forced to vacate their properties they then need to address any tax issues they may be facing. To determine any tax issues, they must review their financial and tax situation. An important consideration should be whether or not [...]]]></description>
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		<title>Bankruptcy &amp; Taxes: Discharge of Income Taxes in Bankruptcy</title>
		<link>http://cancellationofdebt.org/bankruptcy-taxes-discharge-of-income-taxes-in-bankruptcy</link>
		<comments>http://cancellationofdebt.org/bankruptcy-taxes-discharge-of-income-taxes-in-bankruptcy#comments</comments>
		<pubDate>Fri, 26 Nov 2010 01:25:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[bankruptcy discharge]]></category>
		<category><![CDATA[bankruptcy taxes]]></category>
		<category><![CDATA[taxes in bankruptcy]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=114</guid>
		<description><![CDATA[With mounting company layoffs along with massive housing foreclosures, many taxpayers find themselves seeking bankruptcy protection (either under Chapter 7 or Chapter 11of the bankruptcy code).  A common question they often ask their accountant or CPA is whether or not tax obligations can be discharged in a bankruptcy petition.  This can be a difficult question [...]]]></description>
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		<title>Debt Forgiveness &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-insolvency</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-insolvency#comments</comments>
		<pubDate>Fri, 25 Dec 2009 19:39:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Taxes & Mortgage Relief]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=48</guid>
		<description><![CDATA[If a homeowner is not able to exclude all debt cancellation based on the Mortgage Forgiveness Debt Relief Act, there may be relief if they can prove they were insolvent. You are insolvent when, and to the extent, your liabilities exceed the fair value of your assets. You must determine your liabilities and the fair [...]]]></description>
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		<slash:comments>2</slash:comments>
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