New Bankruptcy Law Restrictions Lifted for Scores of Hurricane Victims

Victims of both Hurricane Katrina and Hurricane Rita may now file for bankruptcy without many of the filing requirements facing most debtors today.

The United States Department of Justice recently waived these new requirements for all residents of communities devastated by these hurricanes. The recently enacted Bankruptcy Abuse Prevention & Consumer Protection Act of 2005 would have prevented untold numbers of people displaced by the hurricanes from filing for the bankruptcy protection they may desperately need.

Requirements that have been lifted for Katrina and Rita survivors include: