Bankruptcy Education FAQs

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 includes two provisions mandating financial counseling and education: Before filing for bankruptcy, consumers would be required to have a briefing on the alternatives to bankruptcy; and before receiving a bankruptcy discharge a debtor would be required to complete “an instructional course concerning personal financial management.” These provisions were included to provide debtors in bankruptcy with the skills and tools needed to avoid future financial problems.

The fee for participating in a pre-discharge bankruptcy course is $50 single or joint filers. MMI will waive the bankruptcy pre-discharge course fee for debtors whose household income is equal to or less than 150 percent of the estimated poverty threshold for their applicable family size as published in the current Federal Poverty Levels Guidelines.

Each individual's financial situation is unique. Our goal is to ensure that everyone benefits from the program. This comprehensive course is a mandate from the EOUST and covers a variety of financial and budgeting topics. Please plan to dedicate a minimum of 120 minutes to complete the bankruptcy education course and note that a certificate will only be issued after this requirement has been met.

Yes, our company is committed to maintaining your privacy and online confidentiality. MMI has produced a privacy statement that outlines the steps that we have taken to ensure that any information or data that you provide is kept confidential and cannot be used improperly.

A counselor will contact you to discuss the details of your proposed Debt Management Plan. Our professional, certified counselors will assess your financial situation, assist in creating a spending plan, and discuss options for debt repayment

After you make your first deposit, our support counselors are available to guide you to your financial goals. As a client, access to detailed information about your repayment program is available anytime by accessing this web site or our customer information line.

To begin on the path to financial freedom, simply complete the online counseling form or call a counselor directly. To assist in expediting either counseling process, have your most recent creditor statements available for quick and easy reference.

The counseling process is different for every person. However, having your most recent statements available at the time of counseling can help reduce the process time.

MMI has an established network within the creditor community. With over 46 years in the credit counseling industry, we have developed strong relationships with many of the nations major credit corporations. We work with all unsecured creditors including doctors, attorneys, finance corporations, and collection agencies.