17 C.F.R. § 143.5

Current through April 30, 2024

Section 143.5 - Collection by compromise

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.

17 C.F.R. §143.5

50 FR 5384, Feb. 8, 1985, as amended at 57 FR 61292, Dec. 24, 1992