Statesboro Ga News -------------------------------------------------------------------------------- Hey consumers, Did You Receive a IRS 1099-C from Junk Debt Collector Portfolio Recovery Associates? SBM Staff Originally I had read about Portfolio Recovery Associates Inc. sending out questionable IRS 1099-C Misc Income statements in October 2009. From what I have gathered are: (1) these are time barred debts (past state statute of limitations), (2) that the amounts being reported are the face value of an alleged... read full review »