Voluntary Repayment Agreement For Employee Indebtedness

(3) Either propose payment of the debt (as well as interest, penalty fees and administrative fees) in a lump sum, or establish a proposed repayment plan. (1) In response to a declaration of intent, a worker may propose to repay debts through voluntary payments as an alternative to wage compensation. A worker who wishes to repay a debt without a salary bill has a corresponding contract in writing for the repayment of the debt. The proposal recognizes the existence of guilt and the agreement must be in place in a way that is legally applicable. The agreement must: (a) In response to a debt statement, you can propose to the company to repay the debt through a voluntary repayment agreement, instead of taking other collection measures under that part. (d) The Corporation will consider a request to enter into a voluntary refund agreement pursuant to fccS. The Chief Executive Officer may ask you for additional information, including financial statements, if you request staggered payments to decide whether a voluntary repayment agreement should be accepted. It is up to the Chief Executive Officer to accept a repayment agreement instead of implementing other collection measures under that part and setting the necessary conditions for a voluntary repayment agreement. A refund agreement does not commit the company unless it is written and signed by you and the Chief Executive Officer.

At the company`s choice, you may be required to provide security as part of the agreement to make payments in installments. Notwithstanding the provisions of this section, 31 U.S.C 3711 will settle any reduction or compromise of a debt. (b) the creditors` agency reviews a timely and duly submitted claim by the worker`s debtor and informs the worker whether the proposed refund agreement in writing is acceptable. It is up to the creditors` agency to accept a repayment agreement instead of compensating. (d) If the creditors` agency decides that the proposed repayment agreement is acceptable, the alternative agreement must be written down, signed by staff and the lender agency, and meet the other requirements of this section for the voluntary repayment agreement. b) Your request for a voluntary repayment agreement must be made: c) If the creditors` agency decides that the proposed repayment agreement is unacceptable, the worker has a period of fifteen days from the date on which he was informed of that decision, to submit a request for a hearing or a special review in accordance with Article 179.210.