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Disputed debts for nonconnected PACs

A disputed debt is a bona fide disagreement between the creditor and the committee as to the existence of a debt or the amount owed by the committee. Until the creditor and committee resolve the dispute (assuming the creditor did provide something of value), the committee must disclose:

  • The amount the committee admits it owes;
  • The amount the creditor claims is owed; and
  • Any amounts the committee has paid the creditor.