If you are a hurricane victim, have lost everything (including your job) and can't get back to your filing district by October 17, be prepared to get screwed. Big time.
The new bankruptcy bill takes effect on October 17th, you see, and unless you file before then, you're going to be subject to the new regulations, including having to pay back part or all of your debt if your income meets certain requirements (even if you no longer have that job).
You'd think that in extreme circumstances, our government would reconsider the effective date of this legislation or offer exemptions - and indeed, some have. But this gem of an elected official says it's a bad idea:
Rep. F. James Sensenbrenner Jr., R-Wis., the chairman of the House Judiciary Committee, rejected the notion of reopening the legislation, saying it already included provisions that would ensure that people left "down and out" by the storm would still be able to shed most of their debts. Lawmakers who lost the long fight over the law, he said, "ought to get over it," according to The Associated Press.
Now, when I was a teenager, we had this guy in Texas who ran for governor name Clayton Williams. He was amusing at times, but one statement got him into a big heap of trouble when he said, regarding rape, that it's kind of like a rainstorm - "If it's inevitable, just lay back and enjoy it." If rainstorm is to rape what Katrina and Rita are to bankrupt Americans, it looks like Mr Sensenbrenner would agree with old Clayton, and that just shouldn't be tolerated.
2 comments:
he said that? and he's still governor? How stupid can a person be? If he's too stupid to keep his mouth shut when he gets a brainstorm like that one, how useful can he be to ANYONE? Or do you suppose he actually believes that? I wish someone would rape him.
oh sorry just re-read and noticed that he was just a runner - did he disappear from politics soon thereafter (hopefully?)
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