45 C.F.R. § 30.24 Inability to collect the full amount.
Title 45 - Public Welfare
(a) The Secretary may compromise a debt if the full amount cannot be collected because the debtor— (1) Is unable to pay the full amount within a reasonable time; or (2) Refuses to pay the full amount and the Government is unable to enforce full collection within a reasonable time. (b) Ability to pay. In determining a debtor's ability to pay, the Secretary may consider the age and health of the individual debtor; present and future income and assets; and the possibility of an improper transfer or concealment of assets by the debtor. (c) Amount of compromise. The amount of compromise will reasonably relate to the amount recoverable by enforced action, considering such factors as State or Federal exemptions available to the debtor, and the price that collateral will bring at a forced sale. (d) Installments. Compromises will be paid in one lump sum whenever possible. Payment by installments may be accepted on a case-by-case basis bearing in mind the conditions specified in §30.20. (e) Credit information. If reasonably up-to-date credit information to evaluate a compromise proposal is not available, the Secretary may obtain credit reports from credit reporting agencies or a statement from the debtor executed under penalty of perjury showing the debtor's assets and liabilities, income and expenses.
Title 45: Public Welfare
PART 30—CLAIMS COLLECTION
Subpart C—Compromise of Claims
§ 30.24 Inability to collect the full amount.
