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  2. Settlement (litigation) - Wikipedia

    en.wikipedia.org/wiki/Settlement_(litigation)

    The contract is based upon the bargain that a party forgoes its ability to sue (if it has not sued already), or to continue with the claim (if the plaintiff has sued), in return for the certainty written into the settlement. The courts will enforce the settlement. If it is breached, the party in default could be sued for breach of that contract.

  3. Liquidated damages - Wikipedia

    en.wikipedia.org/wiki/Liquidated_damages

    Judges may adjust excessive contract penalties, but such clauses are not generally void as a matter of French law. [19] Article 420-1 of the Civil Code of Japan provides an even firmer basis to uphold contractual penalties: [20] The parties may agree on the amount of the liquidated damages with respect to the failure to perform the obligation.

  4. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    A portion of each payment is taken as fees for the debt settlement company, and the rest is put into the trust account. The consumer is told not to pay anything to the creditors. The debt settlement company's fees are usually specified in the enrollment contract, and may range from 10% to 75% of the total amount of debt to be settled. [13]

  5. How to tell if debt settlement is a good idea for you - AOL

    www.aol.com/finance/tell-debt-settlement-good...

    Debt settlement is a risky way to lower debt but could be a good last resort. ... past-due debts for debt settlement negotiations. In addition, there is no guarantee that creditors will agree to ...

  6. How to get debt relief - AOL

    www.aol.com/finance/where-debt-relief-help...

    Getting debt relief through debt settlement If you have over $7,500 worth of unsecured debt and your credit is in bad shape, then seeking a program through a good debt relief company may be your ...

  7. Structured settlement - Wikipedia

    en.wikipedia.org/wiki/Structured_settlement

    A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement may be offered by the ...

  8. How to settle credit card debt - AOL

    www.aol.com/finance/settle-credit-card-debt...

    Debt settlement involves negotiating with your creditors to pay off a portion of what you owe. Typically, this is a lump-sum payment in exchange for forgiveness of the remaining balance.

  9. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

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