${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
  • Help
  • Free No Obligation

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Signs You May be Heading Towards Bankruptcy

People have debt problems for many reasons including job loss, medical bills, divorce, and retirement. But what are some signs that you debt is starting to overwhelm you and you might need to consult with a bankruptcy attorney?

  •  Your credit card balances are increasing. As I have discussed before, my bankruptcy clients tend to fall into a predictable and understandable pattern. They have a decrease in income due to job loss, divorce, retirement, or another reason. They start using credit cards hoping that next month it will get better. It doesn't get better and the credit card balances continue to increase and increase every month until the limits are reduced or maxed out.
  • You are borrowing money for consumption purpose. There is a stereotype that a person who files for bankruptcy protection is running up debt for luxury items like expensive vacations and big screen TVs. But most of my bankruptcy clients are struggling to pay for food on the table. If they didn't have the large credit card bills and payday loan payments, they could budget money for necessities like rent, food, electricity, and gasoline. But they can't, so they fall further and further into a debt trap.
  • You have reached the threshold limit of borrowing. The credit cards are maxed and you are taking out payday loans to pay payday loans. As stated above, my typical clients are skating on credit until the credit runs out. With approximately 70% of Americans living paycheck to paycheck, it is easy to see how a decrease in income can lead to bankruptcy.

 Are you struggling? Call today at 254-633-2876 or email us at [email protected] for a FREE, no-obligation consultation with experienced staff who can help you explore your options. Let my family help yours! Photo Credit:    Andrew Maiman

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705


Fax: 866-825-8786

Waco Law Office Map

Connect With Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy