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2. 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]

3. Insolvency - Wikipedia

   en.wikipedia.org/wiki/Insolvency

   A Company Voluntary Arrangement (CVA) is a legal agreement between the company and its creditors, based on paying a fixed amount lower than the outstanding actual debt. These are normally based on a monthly payment, and at the end of the agreed term the remaining debt is written-off.

4. Debt restructuring - Wikipedia

   en.wikipedia.org/wiki/Debt_restructuring

   A householder unable to service his debt on a $180,000 mortgage for example, may by agreement with his bank have the value of the mortgage reduced (say to $135,000 or 75% of the house's current value), in return for which the bank will receive 50% of the amount by which any resale value, when the house is resold, exceeds $135,000.

5. How to consolidate debt without hurting your credit

   www.aol.com/finance/consolidate-debt-without...

   Your budget and financial goals: Debt consolidation could make your payment period longer. It can also provide a route to a specific, fixed monthly payment. It can also provide a route to a ...

6. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   The Financial Crisis Inquiry Commission reported in January 2011 that: "From 1978 to 2007, the amount of debt held by the financial sector soared from $3 trillion to $36 trillion, more than doubling as a share of gross domestic product. The very nature of many Wall Street firms changed – from relatively staid private partnerships to publicly ...

7. Best debt relief options for credit card debt - AOL

   www.aol.com/finance/best-debt-relief-options...

   Debt settlement entails negotiating with creditors to reduce the total debt amount owed by offering a lump sum payment. This usually entails funding an escrow account and offering to pay off a ...

8. Default (finance) - Wikipedia

   en.wikipedia.org/wiki/Default_(finance)

   Generally, if the debtor defaults on any debt to the lender, a cross default covenant in the debt contract states that that particular debt is also in default. In corporate finance , upon an uncured default, the holders of the debt will usually initiate proceedings (file a petition of involuntary bankruptcy) to foreclose on any collateral ...

9. US debt reckoning escalates sharply as top bond buyer pulls ...

   www.aol.com/finance/us-debt-reckoning-escalates...

   Debt held by the public, or the amount the U.S. owes to outside lenders after borrowing on financial markets, is already at about 100% of GDP, with that ratio soon expected to blow past the all ...