§ 340.14. Factors due to be considered in a compromise.
106 words·~1 min read·
/us/cfr/t20/s§ 340.14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The following indicate the character of reasons which will be considered in approving a compromise:
(a)The debtor's ability to repay the full amount within a reasonable time;
(b)The debtor's refusal to pay the claim in full and the Board's inability to effect collection in full within a reasonable time by other collection methods;
(c)Doubt concerning the Board's ability to prove its case in court for the full amount because of a bona fide dispute as to the facts or because of the legal issues involved;
(d)The cost of collecting the amount recoverable does not justify the enforced collection of the full amount.