Finance chiefs defend decision to wipe out more than £250k of debt

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FINANCE chiefs say Hartlepool Council has a “very good” collection rate of debt owed despite councillors agreeing to write off more than £250,000.

The finance and policy committee has agreed recommendations to write-off the “irrecoverable” business rate of £234,000, council tax of £7,000 and sundry debts £15,700.

Officers were keen to stress £225,143.94 of the business rates related to the Public Safety Charitable Trust and their occupation of properties on the Teesbay Retail Park. The Trust was placed into bankruptcy following a protracted legal process.

 

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