Not disagreeing, but calling out that if you get a significant lump sum you can easily set aside x% for taxes, but if you get the same amount of debt forgiven t

Not disagreeing, but calling out that if you get a significant lump sum you can easily set aside x% for taxes, but if you get the same amount of debt forgiven there's no pot to "set aside" from. You need to come up with that money now* from your existing money which can be challenging if the forgiven amount was significant. * Granted, you can usually arrange to pay a large tax bill over time, but that is basically debt which you'll be annoyed/surprised to find yourself back in...