Bankruptcy Law Provision Waived for Storm

[NVMojo]

Today: October 04, 2005 at 12:6:7 PDT
WASHINGTON (AP) -

The Justice Department temporarily waived a provision of a tough new bankruptcy law to aid people filing for bankruptcy in Louisiana and southern Mississippi because of Hurricane Katrina.

The department's United States Trustee Program said Tuesday that for the time being applicants in those areas would not have to undergo credit counseling before they file. Some observers had said the new law, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, would produce hardships for hurricane victims.

The law requires that any debtor who files for bankruptcy after Oct. 17, 2005 must undergo credit counseling within six months before they file for bankruptcy. The law also authorizes U.S. Trustees to approve credit counseling agencies that meet the law's criteria.

more...

http://www.lasvegassun.com/sunbin/stories/invest-corp/2005/oct/04/100403103.html

[Lasher]

1. If it's wrong for Katrina survivors...

then why isn't it wrong for everyone else?

[gademocrat7]

2. I agree

this is an evil law benefiting shrub's cronies.

[Nickster]

5. That's what I think as well.

[jody]

3. What authority allows DoJ to waive parts of a law? n/t

[NVMojo]

4. ...and if they are going to waive parts, then why not rescind the whole

damn thing!!?? I am still pissed at Harry Reid for voting for this bill in the first place ...

[CountAllVotes]

6. Harry Reid = another BFEE sell-out IMO

<eom>

:kick:

[NVMojo]

7. in light of the game he's playing with Miers ...I would have to agree

[catmandu57]

8. Well now.... That's awfully damn big of them

Waive the credit counseling, like it's their fault they got wiped out by a huge killer storm. This entire law just sucks big green stinky ones.

[Jacobin]

9. its a meaningless gesture

that's only one tiny part of a godawful bill

[lakeguy]

10. hmmm, they gonna waive this for EVERY storm? how about for

veterans coming back from Iraq or any other war for that matter. what about...

ahhh, this will be the only time.

[liberalhistorian]

11. And the ONLY reason they're doing it

is because it's politically expedient to do so. They'll look like the heartless, ice-blooded bastards they really are if they don't do this. Too bad they don't scrap the entire fucking bill, which is basically a post-modern, 21st-century version of indentured servitude. Only this time the servitude is to the corporatocracy.

[NVMojo]

14. yeah, what about our military who have a hard time when they get

back from Iraq, they're in the National Guard and they don't have their jobs anymore??? I hate the Bushco, I hate them, I hate them ....

[Democrats_win]

12. Two words: Fight Club

Remember the end of that movie?

[Blaq Dem]

13. Not good enought...

The law sucks. It's only a love letter to big banks and greedy credit card companies.