Daily Archives: April 24, 2012 - 2 results

A new law under consideration by the United States Senate could make bankruptcy a viable option for consumers who are struggling to repay their student loans, if the loans came from a private lender. Student loans cannot currently be discharged in bankruptcy without rare “undue hardship” $1 trillion in student debt seen as threat to the nation’s economy “Fairness for Struggling Students Act” would grant avenue of relief for people who can’t pay   Debt Bomb Student loan statistics in …

Two-time presidential candidate John Edwards used nearly $1 million in campaign funds to cover up an extramarital affair and hide his mistress, in violation of campaign finance laws, prosecutors argued in opening statements Monday. Edwards, 58, a Democrat and former U.S. senator from North Carolina, faces four charges of collecting illegal campaign contributions, one count of conspiracy and one of making false statements. The six felony charges could cost him a maximum of $1.5 million and land him in prison …