433 Write off of uncollectable debts DOTX 32 KB
Finance
To consider the write off of uncollectable debts.
Decision:
Resolved:
That the debts detailed in the report, totalling £59,673, be written off in the Council’s accounts as uncollectable.
Minutes:
The report of the Finance Portfolio Holder sought approval for the write off of two business rates debts above the £25,000 threshold that had proved to be uncollectable and for which there was little or no prospect of future recovery.
The Finance Portfolio Holder explained that it is inevitable that it will be necessary to write off certain amounts as uncollectable when businesses go into liquidation / individuals declare themselves bankrupt with arrears owed to the Council.
Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:
Resolved:
That the debts detailed in the report, totalling £59,673, be written off in the Council’s accounts as uncollectable.