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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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Coronavirus: Our Office And Your Safety

Our Offices In Illinois And Missouri: Our offices will continue to remain open to serve all our current
and future clients as we, as attorneys, have sworn an oath to uphold! A Bankruptcy Law Firm, LLC provides
legal and financial services in which Illinois and Missouri have deemed our law offices essential business
activities. Michael J. Benson is committed to ensuring each and every client is being responded to as
immediate as possible, please read below to help our law firm be more efficient so that we may help
EVERYONE with ALL your questions and concerns, especially during these uncertain times.

Precautions: Until the “Stay at Home” Orders have been lifted our offices are functioning 100%.
However, for the safety of you and our employees we are limiting in-office appointments to only those
appointments absolutely necessary, and we are timing appointments so that there will be only ONE client
in the office at any particular time. Therefore, we need your help, patience and understanding to achieve
this goal. We ask our clients to minimize their movements within our offices upon your arrival and to
refrain from using the restrooms at this time. Further, we are disinfecting the waiting area and the office
where your appointment will be held to the best of our ability in between each and every client.
Current Clients: At this time, we are conducting ALL appointments with current clients via telephone
or email communication. Michael J. Benson prefers to give personal attention to each and every client
and to meet his clients personally as much as possible throughout your entire case. However, safety
comes first during this pandemic, and therefore, we will not hold in-office appointments. Further, we
kindly ask clients to not arrive at the office unannounced as this may cause more than one client in the
office at a given time and jeopardize the safety of others—PLEASE respect the safety of others! In regards
to turning in required documentation for your case, please call the office to coordinate.
New Clients: We are still meeting with new clients who have bankruptcy questions now more than ever.
We will meet with you in person and our goal is that you will be the only client in the office at a given
time. If you believe you may have coronavirus symptoms, tested positive for coronavirus or if you are an
at-risk person, then please let our office know and we can schedule a phone consultation so that you can
still receive answers to your questions and concerns.
Phone Calls And Voicemails: Please understand that our office, like every business, is experiencing
an extraordinarily high volume of calls during this time. Again, our office is 100% committed to responding
to our clients as fast as humanly possible. WE NEED YOUR HELP – if you call the office, please leave a clear
voicemail with your name and best contact number and give a precise reason for your call. If you give us
an idea why you are calling, then you will get a quicker answer and it will enable us to be more efficient
so that we can answer more phone calls in the same amount of time so that we can give our clients the
best possible legal care!