Katrina debtors catch break, won't have to get credit counseling!!

[BurtWorm]

Isn't that fantastic!!

:sarcasm:

(As Lindsay Beyerstein says, "Now that's compassionate conservatism!")

http://today.reuters.com/PrinterFriendlyPopup.aspx?type=globalNews&storyID=uri:2005-10-04T220841Z_01_YUE477987_RTRUKOC_0_US-HURRICANES-BANKRUPTCY.xml

US waives counseling for bankrupt Katrina victims
Tue Oct 4, 2005 6:17 PM ET

By Susan Cornwell

WASHINGTON (Reuters) - The Justice Department on Tuesday waived part of a new bankruptcy law for some victims of Hurricane Katrina, saying they would not have to go through credit counseling before filing for bankruptcy.

The stricter bankruptcy law, which makes it harder for heavily indebted Americans to wipe out their obligations, was passed by Congress last spring and goes into effect October 17.

It requires debtors to undergo credit counseling within the six months before they file for bankruptcy.

Consumer groups have been calling for this and other provisions of the law to be eased for hurricane victims, but legislative proposals to modify the law have so far not advanced in Congress....