While some politicians opt for a quick photo-op, others are working quietly behind the scenes to protect the longterm interest
of those who have lost everything...
In addition, the devastating personal and economic loss caused by Hurricane Katrina in Mississippi and Louisiana will take its toll on consumers forcing many individuals in these affected regions to file for bankruptcy irrespective of more stringent laws. It is also possible that Congress could amend the new bankruptcy law granting individuals either a temporary exemption from the effective date or postpone the date of implementation. On Sept. 1, the ranking Democrat on the House of Representatives' Judiciary Committee, Michigan Rep. John Conyers, pledged to introduce legislation to provide flexibility for victims of natural disasters in bankruptcy proceedings.
Once again, thank you Mr. Conyers.