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Word: collectable (lookup in dictionary) (lookup stats)
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...after hiring Supportkids in 1999, she gladly received a lump-sum payment of $7,590--after Supportkids took its 34% commission. When the state agency suggested that she might be better off canceling her contract with Supportkids, she recalls asking, "What are you, crazy? Then who's going to collect the money...

Author: /time Magazine | Title: Deadbeat Profiteers | 9/2/2002 | See Source »

...company requires clients to sign a change-of-address form that directs support payments first to its office in Austin, Texas. The company takes its cut and then disburses the remainder. Dan Beck, a radio operations manager in Kearney, Neb., initially agreed to the arrangement. He hired Supportkids to collect the $25,000 in arrears that his ex-wife owed their four children. Then he discovered that the company had taken 34% out of four tax intercepts--money that the Internal Revenue Service, not Supportkids, had withheld from her tax refunds. He managed to get that money back...

Author: /time Magazine | Title: Deadbeat Profiteers | 9/2/2002 | See Source »

Supportkids maintains that it has no way of knowing whether checks are government intercepts or wage garnishments that Supportkids put in place. It says its policy is not to charge fees on funds that its 400 "enforcers" do not collect. But Paula Gardner, who resigned as an enforcer at Supportkids earlier this year, says that policy meant little in practice. "We were asked to have employers reroute wage-garnishment payments to Supportkids whether we filed those garnishments or not," she says. She recalls her first case in November of last year. "We did nothing for it, and Supportkids took...

Author: /time Magazine | Title: Deadbeat Profiteers | 9/2/2002 | See Source »

...Andrew Fastow, schemes that cost the energy giant more than $1 billion. (Fastow has yet to respond.) Kopper also agreed to forfeit $12 million in illegal profits he earned, to be distributed to Enron victims. But those who lost big on Enron shouldn't celebrate yet. Responsibility for collecting the funds lies with the Securities and Exchange Commission (SEC), which was scolded by congressional investigators in July for failing to do what it's charged with now: hauling in the illegal gains of securities-law violators. From 1995 to 2001, the SEC recouped just $424 million...

Author: /time Magazine | Title: Enron Payback | 9/2/2002 | See Source »

...election day in Iran, and a female official has landed on the remote island of Kish to be chauffeured by a gruff soldier and collect the locals' votes. It's a comic chore for all concerned. One old fellow wonders why his favorite candidate, God, isn't listed. There are no hanging-chad jokes, but the film's spare wit is as applicable to Broward County as to the Persian Gulf. Secret Ballot offers further evidence that an Islamic regime can foster humanist satires with a critical, political edge...

Author: /time Magazine | Title: Movies: Secret Ballot | 9/2/2002 | See Source »

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