Katrina and the Bankruptcy Law Change: A Double Catastrophe

Posted on September 4, 2005 by Kevin Chern Esq.

Much of the country is oblivious to the impoverished state of much of New Orleans and only perceives our great Crescent City as the place to go for great jazz, crawfish and Mardi Gras.

If you have ever driven through New Orleans, however, the level of poverty is striking. Hurricane Katrina will only aggravate that state of affairs. Undoubtedly, many local folks, who could have greatly benefited from filing bankruptcy prior to the law change, now have to worry more about saving their own lives and health than getting out of disaster-debt under a fair set of laws. Earlier this year, movie stars, Americans as a whole and our President stepped to the plate for Tsunami victims.

Stars, time to raise money. Americans, time to lend a helping hand. President, how about a stay on the bankruptcy law change for Hurricane Katrina victims. Law with a twist of reality would be nice, for once.

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