Nova Scotia government writes off $10.6 million in debts for fiscal year

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HALIFAX - Nova Scotia is writing off $10.6 million in debts at the end of this fiscal year.

The provincial government says about $3.6 million of that were in Department of Economic Development loans to companies and another $2.2 million are unpaid fees to the Health Department for costs including ambulance trips and seniors' pharmacare.

The single largest loss recorded was approximately $2.2 million deemed to be uncollectable from the bankrupt producer of custom-moulded plastics.

Composite Sea to Sky filed for bankruptcy in May 2011, and the province only managed to collect about $706,000 of the amount it was owed.

The province is also writing off another $651,000 owed to it by Scanwood Canada Ltd., which filed for creditor protection in 2011.

About $2.1 million is being written off for unpaid fines owed to the Justice Department, and the Agriculture Department says about $653,000 in loans to hog and mink farms is not collectible.

The government wrote off $38.4 million in debts the previous year.

Organizations: Department of Economic Development, Health Department, Scanwood Canada Justice Department Agriculture Department

Geographic location: Nova Scotia

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