Bankruptcy law and Katrina...how convenient.....

Now that your house is gone (oh, and keep making that payment to the bank until the insurance check comes in, unless you want your property confiscated), good luck with the new bankruptcy laws:

The new law requires consumers filing for bankruptcy to jump through numerous hoops including filing mounds of paperwork on a strict schedule, proving they lack the capacity to repay certain creditors, and requiring them to take a credit counseling course before they can even file.

The old bankruptcy law contained a provision that loosened filing rules for people who had been through a hurricane or flood. Early this year, a congressional easing was defeated in a party-line vote to have a similar provision included in the new bankruptcy law, exempting victims of natural disasters from some of its more onerous provisions.

Next up: "Bush created the hurricane" conspiracies. :p