PGI 232.671 Bankruptcy reporting
Section DFARS Procedures, Guidance, and Information
Facts
- Citation
- PGI 232.671
- Type
- Section
- Supplements
- FAR Subpart 32.6 Contract Debts
- Text as of
- DFARS PGI Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(1) For those debts covered by this subpart, the department or agency that awarded the contract shall furnish the Department of Justice any claims in bankruptcy, insolvency, or in proceedings for reorganization or arrangement. Furnish claims that—
(i) Have been transferred to a contract financing office;
(ii) Are on the way to a contract financing office at the inception of bankruptcy or insolvency proceedings;
(iii) Are pending and not forwarded to a contract financing office at the inception of bankruptcy or insolvency proceedings; and
(iv) Are the result of bankruptcy or insolvency proceedings.
(2) The contract financing office or other office designated within a department or agency will furnish proof of claims to the Department of Justice.
(3) The office of origin of a debt will provide, as soon as possible, information on a bankruptcy, insolvency, reorganization, or rearrangement to the office designated within a department/agency to receive this information.
(4) The information and proof of claim requirements in paragraphs (2) and (3) of this section do not apply to debts of less than $600.
Quick answers
What is PGI 232.671?
PGI 232.671 is a section of the DFARS Procedures, Guidance, and Information, titled "Bankruptcy reporting".
Are changes to PGI 232.671 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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