It’s been four months since Katrina hit, and the people of the Gulf Coast are struggling to put their lives back together The 90-day moratorium that many home mortgage lenders offered is up, and payments are due–even if the house isn’t livable and the insurance company hasn’t paid up. As they face the hard choices about whether to rebuild or move on, Katrina victims may be thinking about bankruptcy as one way to dig out of the debts and get back on their feet financially.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250006