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Issue details

Irrecoverable Debts

The report proposes the approval of the write off of certain debts.

 

Appendix A to the report lists the debts that are considered irrecoverable. Every effort has been made to recover the debts and there is no further legal action that can be taken, where it is applicable. Some housing benefit debts may be recommended for write off where it is believed that the debt should not be recovered due to the circumstances applicable to that case.

 

Glossary of Terms Used

 

Bankruptcy/Liquidations/Administration

Once a person has been declared bankrupt or a company is in liquidation, legislation prevents the Council from taking any further action to recover the debt. Any debt due to the Council is non-preferential and therefore the likelihood of receiving a dividend is very low.

 

Ceased Trading or Company Dissolved

This is where a company is no longer trading but the assets of the company (or the individual) are insufficient to justify the cost of placing the company in liquidation. A company which has ceased trading may be dissolved.

 

No Trace

Every effort has been made to trace the debtor, including the use of tracing agents where it is effective to do so.

 

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 31/01/2014

Anticipated restriction: Fully exempt  - View reasons

Decision due: 3 Mar 2014 by Executive

Lead member: Executive Member for Policy & Resources

Lead director: Director of Finance & Resources

Contact: Dave Jenkins Email: djenkins@fareham.gov.uk.

Decisions

Agenda items

 

 




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