09/01/2005: Not your regular nightlife blog post....
Over at Thursday Night Fever, Mr. Roboto (who has apparently come out of retirement) brings up a point that I haven't seen raised yet:
But, here's my two cents on a topic I haven't seen raised yet: the new Bankruptcy laws are going to screw over a lot of newly-needy people. On midnight, October 16, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act goes into effect, and, after that, it's going to be substantially more difficult for folks to file Chapter 7.
Say what you will about bankruptcy in this country, seriously, if the hurricane washed awy your car and your house (and maybe even your job), wouldn't you file bankruptcy and start all over? I bet the entire (former) populace of New Orleans, Biloxi, and Gulfsport will file Bankruptcy (or should), but, will the facilities (courthouse, lawyers) even be available to allow them to file by October? Congress needs to postpone the implementation of these new laws immediately.
Len on 09.01.05 @ 08:13 PM CST