§ 143.5. Collection by compromise.
114 words·~1 min read·
/us/cfr/t17/s§ 143.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commission may settle claims not exceeding \$100,000 (excluding interest) by compromise at less than the principal amount of the claim if---
(a)The debtor shows an inability to pay the full amount within a reasonable period of time;
(b)The Government would be unable to enforce collection in full through litigation or administrative means within a reasonable period of time;
(c)The cost of collecting the claim in full is not justified by the amount of the claim; or
(d)The Commission's enforcement policy would be served by settlement of the claim for less than the full amount. \[50 FR 5384, Feb. 8, 1985, as amended at 57 FR 61292, Dec. 24, 1992\]