The report of the Head of Treasury Services was submitted, seeking approval for the Corporate Debt Policy.
Scrutiny Committee – Resources considered the report at their meeting on 28 January 2009 and the support and comments of members were noted.
The Director Corporate Services stated that the Council’s policy was to try to avoid indebtedness in the first instance and to work with debtors to achieve a solution. The Chair supported the vigorous but flexible approach and the need to avoid incurring significant court costs. Executive members welcomed the policy.
Executive recommended that the Corporate Debt policy be approved.