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Offer in compromise

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okgrace001

Junior Member
What is the name of your state?What is the name of your state? Arkansas
I owe approx 60000. (penalties, interest etc 2000 thru 2005)
How does offer in compromise work?
I clear approx 50000, I have approx 35000 on my home, I have a vehicle paid for worth approx 9000 and one that I owe on, Will they make me get rid of one?
Any info will be appreciated. TIA.
 



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