§340.14. Factors due to be considered in a compromise.
20 C.F.R. § 340.14
The following indicate the character of reasons which will be considered in approving a compromise:
The debtor's ability to repay the full amount within a reasonable time;
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;
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;
The cost of collecting the amount recoverable does not justify the enforced collection of the full amount.
Notes, amendments, and revision history
Authority
Authority: 45 U.S.C. 362(l).
Source
Source: Board Order 27-22, 32 FR 3341, Feb. 28, 1967, unless otherwise noted.