New US bankruptcy laws could add to the woes of Hurricane Katrina victims as they struggle to rebuild their lives, a politician has warned. Bankruptcy Code changes which make it harder for Americans to wipe out their debts take effect in a month's time.
Democratic Senator Russ Feingold says people driven to bankruptcy by hurricane damage should not be "test cases" for the new code.
He is proposing a bill that would give them another year under the old law.
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However, the idea is opposed by the Republican chairman of the House of Representatives' judiciary committee, James Sensenbrenner, who is responsible for deciding whether the bill will be considered in the House.
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http://news.bbc.co.uk/2/hi/business/4245264.stm
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