Wednesday, September 28, 2005
Change Bankruptcy Law for Victims of Natural Disasters
This will be quick because I have to fly on a US Air Force Auxiliary (Civil Air Patrol or "CAP") mission later today to do hurricane damage assessment. It's volunteer duty. Sometimes we joke that CAP stands for "Come and pay." The way it is set up in Texas, pilots end up fronting the cost of gas on search and rescue missions until it is reimbursed (weeks later). Other states issue credit cards to avoid that situation.
I saw a NY Times article on the effect the new bankruptcy law that takes effect in October will have on hurricane victims. The law was intended to punish those who run up debt without the intent of paying it. However, it will also punish even the honest folks who were victims of Hurricanes like Katrina and Rita.
If I were the representative I would vote to amend the law to carve out an exception in cases of natural disasters like we have witnessed. I have seen no indication that our representative has any intention of doing so.
Whatever happened to justice and fairness?