November 23, 2010
District Council writes off £100,000 of bad debts
District Council has written off almost £120,000 of bad
debt this month.
At the latest meeting of the council's Executive, councillors
voted in favour of writing off £116,905.49, which included
£94,354.74 from a firm in Highbridge that went into liquidation.
Sedgemoor District Council leader Duncan McGinty told councillors
at meeting: "Unfortunately, in any economic times there are
businesses that fail and debts are left behind - we've done our
best to endeavour to collect the money when and were we can."