September 28, 2007
Congress May Provide Relief to Struggling Debtors
Bill would allow borrowers to use bankruptcy to wipe out private student loans
Fred J. Konopasek was fresh out of college and working for a car-rental company in 2003 when he was attacked in his sleep by his girlfriend's angry ex-boyfriend. The attack left him with a concussion, two black eyes, and more than $10,000 in medical bills.
Uninsured, and unable to make the payments with a $32,000 annual salary, he filed for bankruptcy in 2006, erasing his medical bills and $20,000 in credit-card debt that he had accumulated during four years at Assumption College in
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