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Bankruptcy Assistance For Waterloo, Illinois

If not properly handled, debt can deprive you of everything. You could lose your savings, your possessions, your home, your car, and more. A Bankruptcy Law Firm, LLC was founded to help individuals avoid loss and reduce debt through the processes of Chapter 7 and Chapter 13 bankruptcies. Over the last ten years, A Bankruptcy Law Firm, LLC and Michael J. Benson have helped hundreds of Waterloo residents eliminate debt. We can help you:

  1. 1) Halt Creditor Harassment
  2. 2) Save Your Possessions
  3. 3) Eradicate Credit Card Debt
  4. 4) Protect Your Retirement Savings
  5. 5) Avoid Vehicle Repossession
  6. 6) Stop Home Foreclosure

Luckily, both Illinois and Missouri have generously decided to apply the national bankruptcy laws. Under the bankruptcy laws provided in both states, debtors are able to discharge most of their unsecured debts. Debts such as credit card debts, deficiency debts related to home foreclosures and vehicle repossessions, payday loan debts, medical expenses, utility expenses, and more can all be forgiven. In addition to the benefits provided by state laws, there are benefits to working with A Bankruptcy Law Firm, LLC as well. Our firm exclusively works with consumer bankruptcy cases to ensure you receive the results you deserve in the shortest amount of time possible.

Why Speak With A Bankruptcy Law Firm?

For every healthy solution for eliminating debt, there are over a dozen unhealthy debt elimination methods. Too often, the financial and emotional stresses packaged with debt can lead debtors to take actions with less than desirable consequences. Such decisions include, but are not limited to:


  1. 1) Stressing close relationships by borrowing money from friends and family
  2. 2) Taking out cash advances on credit cards
  3. 3) Securing loans from payday loan companies at rates of up to 300%
  4. 4) Accidentally selling assets that are protected from creditors
  5. 5) Unnecessarily liquidating retirement accounts to pay bills
  6. 6) Writing bad checks that could result in prosecution or high bank fees
  7. 7) Engaging in fraudulent/illegal activity or gambling to earn cash

Decisions affecting your personal finances carry great weight. All it takes is one misstep to prolong your financial recovery by years or even decades. Therefore, it’s important to understand all of your options before deciding how to tackle your overdue debt payments. This is where a knowledgeable local bankruptcy attorney comes into play. A Waterloo bankruptcy attorney can evaluate your unique financial situation and explain all of your viable courses of action. Moreover, contacting A Bankruptcy Law Firm, LLC gives you an even greater advantage. Founding attorney, Michael J. Benson is one of only a handful of attorneys to have acquired a CPA license and Series 7 license on top of a license to practice law. Having worked in many facets of finance, Attorney Benson possesses a well-rounded perspective on personal finances and an unrivaled level of experience. Michael can not only help you file for bankruptcy, but can also provide you with the insights you need to rebuild and repair your finances. Contact A Bankruptcy Law Firm, LLC today to set up a free initial consultation with Attorney Benson.

Debt Management Resources In Waterloo

Fixing finances might seem like a solo endeavor, but attempting to repair your finances alone would only be doing yourself a disservice. There are a number of local Waterloo resources that can significantly reduce your financial recovery time when properly utilized. Scroll through our list of Waterloo financial institutions, financial advisors, accountants, and more to find financial help you deserve. Financial assistance is closer than you might have thought and it’s just a call away.

Bankruptcy Court

US Bankruptcy Court
111 S 10th St
St. Louis, MO 63102
(314) 244-4500

Credit Resources

Annual Credit Report - Free Credit Reports One Time Per Year (Authorized by Federal Law)

myFICO - Information Regarding the FICO Credit Score

Accountants/Income Tax Services

Rod Washausen, CPA, PC 6414 D Road Waterloo, IL 62298 (618) 939-1040

Jackson Hewitt Tax Service 131 W Mill St Waterloo, IL 62298 (618) 293-1850

Financial Institutions

State Bank of Waterloo 885 IL-3 Waterloo, IL 62298 (618) 939-7194

First National Bank of Waterloo 228 S Main St Waterloo, IL 62298 (618) 939-6194

State Bank of Waterloo 501 N Market St Waterloo, IL 62298 (618) 939-7195

First National Bank of Waterloo 961 N Market St Waterloo, IL 62298 (618) 939-6196

First Bank 1405 IL-3 Waterloo, IL 62298 (618) 939-5566

Midland States Bank 812 N Market St Waterloo, IL 62298 (618) 939-5111

First National Bank of Waterloo 744 N Market St Waterloo, IL 62298 (618) 939-6195

Midland States Bank 101 S Main St Waterloo, IL 62298 (855) 696-4352

Scott Credit Union 1019 IL-3 Waterloo, IL 62298 (618) 345-1000

Midland States Bank 915 IL-3 Waterloo, IL 62298 (855) 696-4352

Financial Advisors

Stifel 300 N Market St Waterloo, IL 62298 (618) 939-9400

Schaefer Wealth Management 200 S Market St Waterloo, IL 62298 (618) 939-8828

Lance West 227C S Main St Waterloo, IL 62298 (618) 939-3966

Waterloo Debt Management Blog

Personal finance improves as you improve. The more you know, the healthier your finances will be. That is precisely why we’ve made it a priority to provide you with the up-to-date personal finance tips, tricks, resources on a monthly basis. Browse through our Waterloo Debt Management blog to read the insights we’ve shared in the past.

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