Consumer Groups Urge Easing of Bankruptcy Law

Published on:
12 September 2006 at 10:20 a.m. ET

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http://www.insidearm.com/news/00003179-consumer-groups-urge-easing-of-bankruptcy/

By Susan Cornwell, Reuters

U.S. consumer groups called on Wednesday for more stringent provisions of a new bankruptcy law to be eased for Hurricane Katrina victims, as Democratic lawmakers were drafting legislation to do just that.

Sen. Russ Feingold is expected to introduce legislation this week that would let Katrina victims file under the old, more flexible, bankruptcy law for another year, while Rep. John Conyers is preparing a bill to exempt disaster victims from a means test in the new law, Senate and House aides said.

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Consumer Groups Urge Easing of Bankruptcy Law

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