§ 340.14 Factors due to be considered in a compromise.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
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.
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