Norwich Council £50,000 Select debt write-off | Eastern Daily Press
City Hall councillors have written off a firm's debts after it went bust - Credit: Abigail Nicholsom A Norfolk council has been forced to write off a fashion chain's debts worth more than £50,000. Norwich City Council agreed to write off the business rate debts of Genus UK Ltd, the owners of the Select clothing stores after the company entered a corporate voluntary arrangement (CVA). CVAs let a company in financial difficulty organise a voluntary arrangement to repay all or part of its debt over a fixed period of time. A report to the council's cabinet said the write-of...