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Selected credit and legal hurdles in the wake of a natural disaster.(REQUIRED READING)

Business Credit

| March 01, 2006 | Chiccarelli, Stephen F. | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Louisiana remains in the early stages of economic recovery from the hurricanes of 2005. Although a state of unique culture, food and music, it may take many years to return to the pre-hurricane world of "laissez les bons temps rouler" (let the good times roll).

In this "sober" condition, however, credit managers, attorneys and others in the field have adapted to address the massive devastation.

A few examples of what Louisiana faced after August 29, 2005 are:

* Widespread flooding and destruction of at least five parishes (counties)

* Closed federal, state and bankruptcy courthouses, clerk's offices, state mortgage and recorder offices ...

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