B-125238, OCT. 6, 1955

B-125238: Oct 6, 1955

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ATTORNEY AT LAW: REFERENCE IS MADE TO YOUR LETTER OF APRIL 23. THE PAYMENT OF WHICH WAS GUARANTEED BY THE VETERANS ADMINISTRATION. SINCE THE GENERAL ACCOUNTING OFFICE IS WITHOUT AUTHORITY TO ACCEPT A COMPROMISE OFFER OF SETTLEMENT. THE MATTER WAS REFERRED TO THE LOAN GUARANTY COMMITTEE ON WAIVERS AND COMPROMISES. THE COMMITTEE ADVISED THAT THE ACCEPTANCE OF THE COMPROMISE OFFER OF SETTLEMENT OF $600 IS APPROVED. " IS FURNISHED THE CLAIMS DIVISION OF OUR OFFICE WITHIN 60 DAYS FROM THE DATE OF THIS LETTER. THE MATTER WILL BE TREATED AS CLOSED.

B-125238, OCT. 6, 1955

TO MR. LOUIS G. FELDMANN, ATTORNEY AT LAW:

REFERENCE IS MADE TO YOUR LETTER OF APRIL 23, 1955, CONTAINING AN OFFER TO PAY THE SUM OF $600 IN FULL AND FINAL SETTLEMENT OF THE INDEBTEDNESS TO THE UNITED STATES OF JOHN J. FRICCHIONE, 2822 BOAS STREET, HARRISBURG, PENNSYLVANIA, IN THE AMOUNT OF $1,210.40, PLUS INTEREST, ON ACCOUNT OF DEFAULT ON LOAN NO. LBG-2178-PA-WB, THE PAYMENT OF WHICH WAS GUARANTEED BY THE VETERANS ADMINISTRATION.

SINCE THE GENERAL ACCOUNTING OFFICE IS WITHOUT AUTHORITY TO ACCEPT A COMPROMISE OFFER OF SETTLEMENT, THE MATTER WAS REFERRED TO THE LOAN GUARANTY COMMITTEE ON WAIVERS AND COMPROMISES, VETERANS ADMINISTRATION, FOR CONSIDERATION PURSUANT TO ITS AUTHORITY CONTAINED IN 38 U.S.C. 694J (A). IN REPLY, BY LETTER DATED SEPTEMBER 26, 1955, THE COMMITTEE ADVISED THAT THE ACCEPTANCE OF THE COMPROMISE OFFER OF SETTLEMENT OF $600 IS APPROVED, CONDITIONED UPON THE RECEIPT OF THIS SUM WITHIN 60 DAYS AFTER YOUR NOTIFICATION RELATIVE TO THE MATTER. ACCORDINGLY, IF A CHECK IN THE AMOUNT OF $600, MADE PAYABLE TO THE "U.S. GENERAL ACCOUNTING OFFICE," IS FURNISHED THE CLAIMS DIVISION OF OUR OFFICE WITHIN 60 DAYS FROM THE DATE OF THIS LETTER, THE MATTER WILL BE TREATED AS CLOSED.

THE CHECK OR ANY CORRESPONDENCE IN REGARD TO THIS MATTER SHOULD BE ADDRESSED TO THE CLAIMS DIVISION, UNITED STATES GENERAL ACCOUNTING OFFICE, POST OFFICE BOX 2610, WASHINGTON 13, D.C., REFERRING THEREIN TO CLAIM NO. Z-460980.