Issue - meetings
Write Off of Irrecoverable Debts
Meeting: 07/02/2024 - Cabinet (Item 76)
76 CORPORATE DEBT WRITE OFFS 
PDF 184 KB
A report seeking approval to write off debts, over the value of £5,000, where there is little or no prospect of recovering them.
Appendices 1 – 4 are exempt.
Additional documents:
- EXEMPT Appendix 1 - Council Tax Debts , View reasons restricted (76/2)
- EXEMPT Appendix 2 - Rents Debts , View reasons restricted (76/3)
- EXEMPT Appendix 3 - Sundry Debtors Debts , View reasons restricted (76/4)
- EXEMPT Appendix 4 - Business Rates Debts , View reasons restricted (76/5)
Decision:
Cabinet:
1) NOTED the action taken by the Council to recover outstanding debts.
2) APPROVED the write-off of the debts shown in Exempt Appendices 1-4.
Minutes:
The Portfolio Holder for Corporate Finance, Property and
Resources introduced the report the purpose of which was to seek approval to
write off debts over the value of £5,000 where there is little or no prospect
of recovering them.
The Portfolio Holder for Corporate Finance, Property and
Resources advised that by writing off irrecoverable debts there would then be
an accurate understanding of collectable debt levels and resources can be
focussed effectively.
The Portfolio Holder for Corporate Finance, Property and
Resources thanked the housing team for early intervention focus, with a view to
preventing the accrual of long-term rent debts.
Cabinet:
1)
NOTED the action taken by the Council to
recover outstanding debts.
2)
APPROVED the write-off of the debts shown
in Exempt Appendices 1-4.
Reasons for Recommendations:
All recovery methods have been considered
and where appropriate pursued, before recommending that debts are written off.
Officer time can be maximised on greater
returns, focusing on debts where there is more realistic chance of recovery.