New bankruptcy law and Katrina victims

[Dees]

NEW YORK (Reuters) - Hurricane Katrina is expected to cause a spurt of bankruptcy filings by storm victims -- and sweeping changes in U.S. bankruptcy laws may leave them even more strapped than they otherwise might be.

The Bankruptcy Abuse Prevention and Consumer Protection Act, which takes effect October 17, includes a slew of rules and restrictions intended to curb abuse. These are expected to make it harder for individuals to file to keep creditors away, and more difficult for businesses to reorganize.

People who are seriously affected by this hurricane are not going to be able to file bankruptcy by October 17," said Henry Sommer, co-editor of "Collier on Bankruptcy," a leading reference work. "They have more pressing things in their lives, like survival."

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[Democrats_win]

1. Shoot these looters: Citibank and their usry Liayers.