Wondering if your debt load is too high? Here's how to gauge it — and what else you should keep in mind right now.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Question: My wife and I filed for bankruptcy protection last year to get out from under an overwhelming amount of credit card debt. Will we have pay taxes on any forgiveness or cancellation of the ...

Some borrowers who qualify for student loan forgiveness must act within the next two weeks or they could face substantial ...

John Mazzara short sales, deed in lieu of foreclosure, credit, debt forgiveness What's positive about being foreclosed upon or selling a home for less than is owed? Well, for most people, not much.

With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...

Medical debt has become one of the most common and overwhelming forms of debt in the U.S., and for good reason. The rising cost of healthcare has made even the most routine care unaffordable for the ...

If you borrow money (note: credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income for ...