Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter XV - African Development Foundation |
Part 1506 - Collection of Claims |
Subpart E - Suspension or Termination of Collection Action |
§ 1506.41 - Can the Agency collect against a debt that has been discharged in bankruptcy?
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§ 1506.41 Can the Agency collect against a debt that has been discharged in bankruptcy?
USADF will generally terminate collection activity on a debt that has been discharged in bankruptcy regardless of the amount. However, USADF may continue collection activity subject to the provisions of the Bankruptcy Code for any payments provided under a plan of reorganization. The CFO will seek legal advice from the General Counsel's office if s/he believes that any claims or offsets may have survived the discharge of a debtor.