By far the most popular approach to time travel is the Novikov Self-Consistency principle. In fact, I think it may qualify as the only "main stream science" concept of time travel because it fits into the known laws of physics.
In Novikov Self-consistency, it is impossible to create a paradox because the only path you can take is one which is self-consistent. In a paper, Novikov and his co-authors put together an example. They created a universe consisting only of a single billiard ball and a wormhole which could take one back in time. You hit the billiard ball towards the wormhole, and try to line it up so that when it pops out on the other side, it's on a trajectory to intersect itself. This appears to be a paradox, for if the ball collides with itself, surely it cannot go through the wormhole, so can't collide!
What Novikov et. al. showed was that there's another option. They showed that the ball might come out of the wormhole at a slightly different angle than you thought it should. Indeed, when you hit the billiard ball forward, and the "future" billiard ball comes out of the wormhole, it comes out at just the right angle to graze the "present" billiard ball, changing it's path slightly. In fact, it changes it to exactly the correct path such that it enters the "present" wormhole at just the right angle to come out of the "past" wormhole at exactly the angle it needed to graze the ball in the first place.
The authors showed that for any arbitrary topology of wormhole positions ball positions, initial velocities, and time-travel periods, there was always a self-consistent solution which avoided any paradox. The collisions varied in angle and energy, but always worked with the laws of conservation of energy and momentum.The authors then conjectured that this might also be true for scenarios with more wormholes or entities more complex than billiard balls.