17 CFR 143.5 – Collection by compromise
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The Commission may settle claims not exceeding $100,000 (excluding interest) by compromise at less than the principal amount of the claim if—
Terms Used In 17 CFR 143.5
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(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.