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Consumer groups are pressing for the new bankruptcy law that is set to go into effect on Oct. 17 to be delayed for at least one year for victims of Hurricane Katrina. "Otherwise, they may face a cruel second blow when trying to take steps to put their lives and finances back together," one consumer bankruptcy attorney said. Whether lobbyists take up the same cause on behalf of Gulf Coast companies remains to be seen. Such companies face more stringent time limits, among other provisions, under the new law.
September 09, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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