1. Regulations
  2. title 11
  3. chapter I
  4. part 111
  5. subpart C
  6. § 111.54

View all text of Subpart C [§ 111.50 - § 111.55]

§ 111.54 - Bankruptcy claims.

When the Commission learns that a bankruptcy petition has been filed by a debtor, before proceeding with further collection action, the Commission will take any necessary action in accordance with the provision of 31 CFR 901.2(h).

AUTHORITY: 52 U.S.C. 30102(i), 30109, 30107(a), 30111(a)(8); 28 U.S.C. 2461 note; 31 U.S.C. 3701, 3711, 3716-3719, and 3720A, as amended; 31 CFR parts 285 and 900-904.

SOURCE: 45 FR 15120, Mar. 7, 1980, unless otherwise noted.

CITE AS: 11 CFR 111.54