Bankruptcy Indicators

Belleville 618.236.7000
Granite City 618.656.7941

Video Transcript

Here are some indicators that a bankruptcy could be helpful for you:

  • You’re living paycheck to paycheck.
  • You’re getting letters and phone calls from collection agencies.
  • You’re using credit cards for necessities because you don’t have the cash
  • You’re using credit cards to pay off other credit cards. You’re just borrowing from Peter to pay Paul, and you really can’t borrow your way out of debt.
  • You’re more than a month behind on your house or car payments and you can’t catch up. You may be facing foreclosure or repossession.
  • You’re dipping into your retirement accounts to pay your bills. Don’t do that – bankruptcy will protect your retirement accounts.
  • You’re using Payday Loans or Title Loans to make ends meet. I’ve seen these places charge as much as 1000% interest!
  • The balance on your credit cards is more than your gross pay for 6 months, or you’re only able to keep up with the minimum payments.

If this sounds familiar, give us a call today to set up a free consultation with an attorney to discuss your options.

Memberships & Associations


Belleville Location

The Bankruptcy Center
5312 West Main Street
Belleville, IL 62226
Tel: 618.236.7000

Granite City Location

The Bankruptcy Center
2021 Johnson Road, Suite 1
Granite City, IL 62040
Tel: 618.656.7941


The Law Office of Ronald A. Buch is a debt relief agency, helping people file for bankruptcy relief under the Bankruptcy Code.