Decision Maker: Corporate Finance Manager
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Full details of the write-offs are confidential as they pertain to information relating to individuals. The reasons for write off include that IVA / CVAs have been approved, Statute Barred (debts over 6 years old) and persons have moved overseas out of jurisdiction and it is uneconomical to pursue the debts.
To write off 17 debts totalling £8,459.06 against the appropriate bad debt provision in accordance with standing orders.
The Corporate Finance Director is authorised to write off individual debts that are less than £1,000.
To not write-off the debts, however, continued recovery action is unlikely to result in payment of these debts.
Publication date: 09/09/2019
Date of decision: 02/09/2019