Former rent arrears write off debts over £5000
Decision Maker: Decision Session - Executive Member for Housing and Safer Neighbourhoods, Executive Member for Housing & Safer Neighbourhoods
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose of report: To
seek approval to write off former arrears over £5000.
The Executive Member will be asked to write off arrears over £5k where there is no realistic prospect of repayment.
This item has been deferred until the 25 October Decision Session due to a delay with the report.
Resolved: That Former Tenant Arrears over £5000 be written off on the understanding that if necessary they can be re-instated at a later date.
Reason: It is considered good financial practice to write off uncollectable debts so that they do not count against the bad debt provision within the Housing Revenue Account. Debts can be written back onto a customer’s account if they come to the attention of Housing Services in the future and will be applied against policies which consider housing related debt.
Report author: Louise Waltham
Publication date: 29/10/2018
Date of decision: 25/10/2018
Effective from: 01/11/2018