1. LawStack
  2. Title 22 - Foreign Relations
  3. Chapter XV - AFRICAN DEVELOPMENT FOUNDATION
  4. Part 1506 - COLLECTION OF CLAIMS
  5. Subpart D - Compromise of Debts
  6. 22 CFR § 1506.32
22 CFR § 1506.32
If I am jointly and severally liable on a claim, will USADF delay collection action against me until the other debtors pay their proportional share?
November 19, 2020
CFR

When two or more debtors are jointly and severally liable, collection action will not be withheld against one debtor until the other or others pay their proportionate share. The amount of a compromise with one debtor is not precedent in determining compromises from other debtors who have been determined to be jointly and severally liable on the claim.

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§ 1506.31 May USADF reduce or negotiate a claim amount?
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§ 1506.33 Under what circumstances will USADF compromise a claim?

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