In certain circumstances, debts can be considered as irrecoverable, this report seeks approval to write those debts off where the value is in excess of £5,000
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 has been placed in liquidation, legislation prevents the Council from taking any further action to recover the debt. Debts due to the Council are classed as non-preferential and therefore the likelihood of receiving a dividend is very low.
Ceased Trading or Company Dissolved
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.
Not worth Pursuing
Occasionally, due to specific circumstances or to the time and expense involved in collection, a debt may be uneconomical to collect.
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: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 05/12/2014
Anticipated restriction: Fully exempt - View reasons
: Finance Strategy;
Decision due: 5 Jan 2015 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Director of Finance & Resources
Contact: Adrian Collier, Local Taxation Manager Email: acollier@fareham.gov.uk.
Background Papers: File of Correspondence** Invoices**