Raymond Bryan Kidder Jr.’s Answers

Raymond Bryan Kidder Jr.

Kirkland Bankruptcy Attorney.

Contributor Level 4
  1. My ex wife filed bankruptcy on the auto loan I had co signed for during the marriage. How can I fight the 1099 c and the IRS?

    Answered over 1 year ago.

    1. Raymond Bryan Kidder Jr.
    2. Marc Gregory Wagman
    3. Dorothy G Bunce
    3 lawyer answers

    If the creditor filed a 1099-C under your social security number with IRS, they have made a statement to the IRS that they have forgiven debt you would otherwise owe them because you cosigned. By co-signing, you guaranteed her debt on that car loan and her bankruptcy discharge will not wipe out your obligation to the bank for that loan as co-signer. However, it appears that the bank (perhaps by mistake) has written you off and reported the debt as forgiven to the IRS. If anything, this...

    4 lawyers agreed with this answer

  2. Am I responsible for the unpaid balance of a corporate credit card?

    Answered over 1 year ago.

    1. Raymond Bryan Kidder Jr.
    2. Jonathan Alexander Sprouffske
    3. Evan A Nielsen
    3 lawyer answers

    As long as you did not sign an agreement with the credit card company promising to personally guarantee the company's debt on that card, you should not be liable. The facts given suggest you were simply an "authorized user" of the company's credit account. If you have any reason to believe that you signed the credit agreement for that company, you should contact an attorney immediately to discuss your rights and responsibilities. Collection agencies will often call to try to collect from...

    3 lawyers agreed with this answer

  3. After divorce/bankruptsy we got back together. Home that was discharged on both bankruptsies was loan modified, however when

    Answered over 1 year ago.

    1. Raymond Bryan Kidder Jr.
    2. John Groseclose
    3. Daniel Seth Williams
    3 lawyer answers

    As long as you did not sign a "reaffirmation agreement" in your bankruptcy on this mortgage, you should not have to worry about any personal liability from walking away from the loan. Even if you had signed such an agreement, assuming this is a non-judicial foreclosure, as most are in Washington State, you would not be on the hook for any deficiency on the loan from the foreclosure. Nothing keeps you from listing the property for a short sale if you're interested in keeping a foreclosure off...

    3 lawyers agreed with this answer

  4. Income lost when can we apply for a modification on ch13

    Answered over 1 year ago.

    1. Deborah F Bowinski
    2. Raymond Bryan Kidder Jr.
    3. Michael Kim Bane
    4. Gregory J. Jalbert
    5. Stephen Wade Parker
    5 lawyer answers

    I agree with the responses above. In some circumstances a "Motion to Suspend Plan Payments" may be an appropriate way to keep a confirmed case from getting dismissed if you need to miss a few payments from temporary loss of income, but will still require you to get caught up on those payments missed over the life of the plan. Obviously, good communication between your attorney and the trustee's office is essential if you were to face such a change in circumstances.

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  5. Can I defer my current credit card debt while I go back to graduate school?

    Answered over 1 year ago.

    1. Raymond Bryan Kidder Jr.
    2. David Hadley Fuller
    3. Marc Gregory Wagman
    3 lawyer answers

    Unfortunately, I know of no program with credit card companies where you can defer paying debt because you are enrolled as a student. In addition to the damage to your credit score caused by missing payments, the credit card companies may ultimately sue you to collect on the outstanding balance. I would encourage you to talk to a local attorney about options to deal with your debt.

    1 lawyer agreed with this answer

  6. Can a company file a lien on home after the debt was discharged in chapter 7 bankruptcy?

    Answered over 1 year ago.

    1. Guy Thomas Conti
    2. David Hadley Fuller
    3. Raymond Bryan Kidder Jr.
    3 lawyer answers

    You should definitely have a local bankruptcy attorney take a look to determine the nature of the lien involved and whether it attached to your property before or after the bankruptcy filing. Many possibilities exist here depending on whether this was a consensual lien you granted the contractor of the water system, a mechanic's lien, or a judgment lien. An experienced attorney can review the county records, your contract with the installer/supplier that installed the system, and your...

    1 lawyer agreed with this answer