The Milford Chamber of Commerce said Wednesday the company that backed the organization's gift certificate program is filing for bankruptcy.

The Chamber of Commerce says it is introducing the Milford Money Stimulus Plan and will accept the Milford Money, even though CertifiChecks is going under. Several local businesses, like Hebert Jewelers, say they will also accept the gift certificates.

The chamber plans to reimburse businesses that accept the Milford Money for 50 percent of the gift certificates' amount.

The president of the Chamber of Commerce encourages consumers to use the gift certificates within the next 30 days. She believes there is still about $8,000 to $10,000 in certificates that is currently unused.