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Ask the Experts

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Q:
What can I expect when filing for bankruptcy?

I am five months behind on my credit card payments due to long term unemployment. I see no option but to file for bankruptcy. I understand there were some changes to the law. Can you tell me what to expect? - Julie

Julie,

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), made some sweeping changes to the former bankruptcy law. For starters, consumers are now required to attend a bankruptcy counseling session prior to filing and a money management education course prior to discharge.

MMI offers bankruptcy services to meet these requirements. For more information and to get started fulfilling your bankruptcy requirements, visit the bankruptcy counseling and bankruptcy education services pages.

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