Transcription of Chapter 6 Delinquent Debt Collection
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Example: bankruptcy
Chapter 6 Delinquent Debt Collection
Chapter 6 Delinquent debt Collection 6-1 Overview Agencies should have fair but aggressive programs to recover Delinquent debt , including defaulted guaranteed loans acquired by the Federal Government. Each program should include a debt Collection strategy, consistent with governmentwide and agency requirements, to restore the Delinquent debts to current status or, if unsuccessful, maximize Collection on the agency's accounts. The strategy should further promote the resolution of delinquencies as quickly as possible, since the ability of an agency to collect its Delinquent debts will generally decrease as the debts become older. The strategy should take into account that debts within the jurisdiction of the bankruptcy courts are subject to the provisions of the United States Bankruptcy Code (see page 6-57). When a debtor has filed for bankruptcy protection, legal counsel should be consulted prior to continuing any Collection activities, including those described in this Chapter .
At its discretion, DOJ may return the debt to the agency for handling in accordance with the procedures described in this Chapter. The policies and procedures detailed in this Chapter do not create any right or benefit, substantive or procedural, enforceable at law or in equity by a party against the United States, its agencies, its
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