For creditors, debt arbitration makes it possible to recoup more of the amount owed than would be possible by filing a suit against the debtor.
Financial and business terms. 2012.
Debt arbitration — is the industry created around the practice of debt settlement. Debt arbitrators are third party institutions that work on behalf of their clients to negotiate out of court settlements for old bills, invoices, lawsuits, liens, medical bills,… … Wikipedia
Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… … Wikipedia
Debt negotiation — is the process of negotiating with a creditor to pay off a percentage of a balance owed on old bills, invoices, lawsuits, liens, medical bills, utility bills, and judgments. This process is commonly used in debt settlement and debt arbitration.… … Wikipedia
Arbitration bond — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… … The Collaborative International Dictionary of English
Arbitration of exchange — exchange ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for… … The Collaborative International Dictionary of English
National Arbitration Forum — The National Arbitration Forum (NAF), founded in 1986, provides arbitration and mediation services to businesses, based at its Minneapolis, Minnesota headquarters and offices in New Jersey. The company is one of the United States s largest and… … Wikipedia
Bond debt — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… … The Collaborative International Dictionary of English
Nationwide Asset Services — Industry Financial Services Founded 2001 in Phoenix, Arizona and Sacramento, California Headquarters Phoenix, Arizona and Sacramento, California Products Debt settlement … Wikipedia
Kunibert Raffer — Professor Kunibert Raffer is one of the most senior development researchers in Europe. His main contributions are on international economic relations, and the problems of unequal exchange.His articles on Chapter 11 of US Title 11 (Bankruptcy) in… … Wikipedia
Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… … Wikipedia
