Getting Debt Free Isn’t One-Size-Fits-All: Why Your Plan Needs to Fit You
Damon Day (solo episode) explains why there’s no single ‘right way’ to get out of debt—the best path depends on your unique situation. Using client stories…
Damon Day
No Savings and Juggling Bills: What to Do
Quick Answer: A 64-year-old teacher with $22,000 credit card debt and $129,000 in mortgages on a $66,000 home should consult a bankruptcy attorney about Chapter 7. This could eliminate the underwater property and debt burden, allowing immediate savings during the final two years before retirement.“Dear Steve,I am 64 years old, a teacher. Every year, my …
Can I File Bankruptcy Without My Husband? – Penni
“Dear Damon,Bankrupt in 1997; back in the hole with massive credit card debt!We want to sell our home and buy a smaller one now that it’s only us two. He makes decent money, but we barely make ends meet and are starting to fall behind again. I’m wondering if I can file bankruptcy separately from …
Self-Employed Low Income and Debt: Myth vs Reality
Quick Answer: A self-employed person with $130k credit card debt at 16% interest and $210k home equity cannot access traditional refinancing due to low reported taxable income. The debt expert recommends a paid consultation to explore interest rate negotiation or principal reduction options given the borrower’s 735 credit score and substantial home equity.“Dear Damon,Self employed …
Debt Settlement Promises: Are They Legit?
Quick Answer: Most debt settlement companies charging 20-23% fees are not worth it, as these high costs (over $6,000 on $30,000 debt) primarily pay salespeople rather than provide actual service. Better low-cost alternatives like credit counseling or bankruptcy should be explored before paying settlement company fees.“Dear Damon,I am $30,000 in debt.What would be your advice …
Debt Settlement on Disability: Is It Legit?
Quick Answer: Debt settlement companies targeting disability recipients often make unrealistic promises, like guaranteeing 40% settlements and credit report cleaning for fees. Given the couple’s $200,000 debt load and limited disability income, bankruptcy would provide faster financial recovery than years of settlement payments they cannot afford.“Dear Damon,I am on disability with a an income less …
Dhami Law Firm
Quick Answer: Dhami Law Firm is a New York-based bankruptcy practice that offers free telephone consultations to help consumers determine if bankruptcy is a viable debt relief option. The firm positions bankruptcy as a legitimate financial tool rather than a last resort, emphasizing that only a licensed bankruptcy attorney can properly assess individual circumstances.Wouldn’t it …
Kim Coleman: Philadelphia Bankruptcy Attorney
Quick Answer: Kim Coleman is a founding partner at Coleman and Kempinski with over 19 years of bankruptcy experience in Philadelphia, including 14 years as a licensed attorney. She specializes in consumer bankruptcy proceedings and debtor’s rights cases, focusing on problem-solving rather than automatically recommending bankruptcy filings.If you are struggling with debt and wondering if …
Portland Bankruptcy Attorney: Myth vs Reality
Quick Answer: Portland has many bankruptcy attorneys, but few specialize exclusively in bankruptcy like Hackett & Harris, which devotes 100% of their practice to it. The firm offers free consultations and will honestly recommend alternatives to bankruptcy when appropriate, as bankruptcy isn’t the right solution for every debt situation.In Portland Oregon, there are plenty of …
Coleman & Kempinski: Philadelphia Bankruptcy Help
Quick Answer: Coleman & Kempinski offers free bankruptcy consultations in Philadelphia, with attorney Kim Coleman bringing over nineteen years of bankruptcy experience including fourteen years as a licensed attorney. The firm emphasizes that meeting with a bankruptcy attorney doesn’t commit consumers to filing, but helps evaluate debt relief options based on individual circumstances.Like most large …
