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Yes - there are some limitations.
First of all - that must be YOUR debt for which you personally responsible. If you are not responsible for that debt - you may not be responsible for cancellation of such debt.
If you were responsible - the debt is considered as cancelled when the debtor may not sue you for that debt. That is usually occurs in three years after last payment - for that year - form 1099C should be issued.
To verify if the form 1099C was issued correctly - we woudl need more information about that debt and why do you think that was not your debt.
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