Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 4 - Accounts |
Chapter I - Government Accountability Office |
Part 103 - STANDARDS FOR THE COMPROMISE OF CLAIMS |
§ 103.9 - Restrictions.
Latest version.
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Neither a percentage of a debtor's profits nor stock in a debtor corporation will be accepted in compromise of a claim. In negotiating a compromise with a business concern, consideration should be given to requiring a waiver of the tax-loss-carry-forward and tax-loss-carry-back rights of the debtor.