"Amounts in Dispute Excluded from Col. 1 for Companies Reporting less than 20%
in Col.4."
Note that the reference is to Col. 1, which would be items in dispute and
overdue more than 90 days. Interestingly, if an authorized company is a
slow-payer and ends up in Part 7, the penalty is 20% of the greater of unsecured
recoverables (all items) and Cols 4 + 5 of Part 4. That is, only overdue
amounts (disputed or not) are compared to the unsecured recoverables.
What I get from reading the Parts of Schedule F is that items in dispute are
treated as part of the penalties for overdue, if in fact they are overdue. But
the Feldblum reading (and an exam question, 1994, #72, I think) seem to treat in
dispute recoverables as if they are all overdue. At first, I suspected that if
an item is in dispute, it probably is overdue anyway. But, I found an annual
statement from an insurance company that had items in dispute and not overdue.
So, anybody know the rest of the story.