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Word: settlements (lookup in dictionary) (lookup stats)
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...Lots of debtors today are in so deep, though, they can't afford those terms. In that case, bankruptcy is one option - and bankruptcy filings, after dipping in the wake of the 2005 reform that toughened terms for filers, are rising fast. But Croxson said that something called debt settlement is likely to be the really big growth area in coming years. (See which businesses are doing well despite the recession...

Author: /time Magazine | Title: Credit Problems Are Climbing the Income Scale | 3/9/2009 | See Source »

...Settlement is a renegotiation of debts that stops short of bankruptcy. Unsecured creditors such as credit-card issuers are willing to accept sharply reduced paybacks from especially troubled customers because they might not get a penny in bankruptcy court. The field has been replete with shady operators and high fees, but states are beginning to regulate it, and Croxson thinks it's headed for mainstream legitimacy (CareOne does not do debt settlement but sometimes steers clients in that direction). Big-time financial trouble is on its way to becoming a respectable middle-class phenomenon...

Author: /time Magazine | Title: Credit Problems Are Climbing the Income Scale | 3/9/2009 | See Source »

...more suited to a male in the lab," says Scodras. After just three weeks in Kamrava's employ, Rajah found herself at odds with the doctor over the heating of the laboratory and was abruptly asked to leave the practice. She sued him for breach of contract, reaching a settlement in 2003. Rajah declined to comment further about the case...

Author: /time Magazine | Title: The Fertility Doctor Behind the "Octomom" | 3/7/2009 | See Source »

...this comeback - for which tickets go on sale on March 13 - to help pay off the debts he has incurred since a court cleared him of sexual-abuse charges in June 2005. (He hasn't performed a full concert since then.) In November 2008 the singer reached an undisclosed settlement with Sheik Abdulla bin Hamad Al Khalifa, the prince of Bahrain, who was suing Jackson for $7 million over claims he reneged on a contract for a new album, autobiography and a stage play. Jackson has maintained that the advances he received from him were gifts...

Author: /time Magazine | Title: Michael Jackson's 'Final Curtain Call' | 3/5/2009 | See Source »

...parties reach a settlement without U.S. involvement? The Norwegians negotiated the Oslo accords. I don't think they can clinch a final settlement without America. Palestinian and Israeli politics will remain somewhat fractured. It is difficult to envision that they can make the tough concessions both are going to have to make...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

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