Ill. Admin. Code tit. 56, § 2790.5 – When Collection In Jeopardy, Payment Period Shortened | Midpage
§ 2790.5
Ill. Admin. Code tit. 56, § 2790.5
When Collection In Jeopardy, Payment Period Shortened
AUTHORITY: Implementing and authorized by Sections 1400, 1401, 1402, 1404, 1405, 1700, 1701 and 2401 of the Illinois Unemployment Insurance Act [820 ILCS 405/1400, 1401, 1402, 1404, 1405, 1700, 1701 and 2401].DEPARTMENT OF EMPLOYMENT SECURITY
a) In every case where the collection of the full amount of the accrued contributions or payments in lieu of contributions may be jeopardized by delay, the Director may at any time, in writing, demand and enforce payment of any such contributions, or reimbursements without waiting for the last day of the month next following the calendar quarter for which the contributions have accrued, or the last day of the thirty days from the mailing date of the statement of amounts of the benefits to be reimbursed.
b) Examples of when the Director may shorten the payment period in case of jeopardy are where an employer voluntarily or involuntarily ceases business, liquidates, transfers his assets, merges or consolidates with some other individual or employment unit, assigns for benefit of creditors, or is adjudicated bankrupt, or in case of death of the proprietor or dissolution of the employing unit.