CCR Magazine

You are here  :Home arrow News arrow Irish judgment numbers fall to record low
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Irish judgment numbers fall to record low PDF Print E-mail
Friday, 09 February 2018
The number of debt judgments recorded in the Four Courts fell to a historic low during 2017, according to figures released today by Registry Trust. 

Registry Trust is the mission-led organisation which operates as Irish Judgments in the Republic of Ireland, where it collects information on judgments registered against businesses and consumers. A judgment is incontrovertible proof that debt has not been managed.

There were 2,157 judgments registered against consumers in 2017, two percent fewer than the previous year and a record low. The mean average consumer judgment’s value fell 11 percent; combined these decreases led to the total value of consumer judgments dropping 13 percent, to €212.3m, the lowest recorded total.

For the sixth consecutive year, the number of business judgments issued declined; 680 judgments were registered, a record low. The value of the mean average business judgment plummeted 44 percent compared to 2016. Consequently, the total value of business judgments fell to a historic low, decreasing 56 percent to €18.7m.

Six abnormally large non-corporate judgments issued in 2016, collectively worth just shy of €20m, mostly accounted for the scale of this decrease. Excluding these judgments, the total value of business judgments fell 17 percent; the mean average judgment increased marginally from €26,566 to €27,507.

The median business judgment fell 13 percent in value to €5,968.

The figures are based only on judgments registered at the request and cost of creditors at the Four Courts in Dublin and therefore provide only a partial picture of unmanaged debt judgments in the country. By comparison, in the much smaller economy of Northern Ireland, where judgments from all courts are registered, there were 8,853 judgments in 2017.

Malcolm Hurlston as Registrar commented: “The fall in judgments implies more prudent borrowing. As a result credit can be a sensible economic engine in 2018.”

In 2017 Registry Trust received 30,094 requests to search the register for the Republic of Ireland online at www.trustonline.org.uk. TrustOnline allows anyone to search for judgments and similar information registered against consumers and businesses throughout the British Isles and Ireland.
 

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197