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DEBT JUDGMENTS ISSUED AGAINST CONSUMERS IN THE ISLE OF MAN FALL BY A QUARTER IN FIRST HALF OF 2021

The number of judgments issued in the Isle of Man Courts of Justice against consumers in the first half of 2021 (H1 2021) fell by 25 percent compared to the same period last year (Q2 2020), according to data published today [27.07.2021] by Registry Trust.

The total number of judgments issued against consumers in H1 2021 was 89, compared to the 119 issued in the same period 2020. This is the third half year period where judgments issued against consumers in the Isle of Man have fallen.

The value of judgments issued against Isle of Man consumers fell by 29 percent, from £1.7 million in H1 2020 to £1.2 million this half year.

As a result, the average value in H1 2021 was fiver percent lower at £13,884 compared to the £14,662 in H2 2020. The median value was significantly lower, at £599 compared to £761 in H1 2020.

There was also a fall in the number of judgments against Isle of Man businesses. Ten were issued in H1 2021, compared to 24 in H1 2020. The total value of these judgments was sharply lower at £82,989 compared to £778,433.

Registry Trust Chair, Mick McAteer, said: The end of 2020 saw a significant rise in judgments against consumers in the Isle of Man. But, the data from the first half of this year suggest numbers are falling again and that consumers are being shielded from the economic and financial shocks created by the Covid.

- Ends –

Half Year 2020 Half Year 2021 Change (compared with 2020)
Judgments against consumers
volume 119 89 -25.2%
total value £1,744,727 £1,235,708 -29.2%
average* value £14,662 £13,884 -5.3%
median value £761 £599 -21.3%
Judgments against all businesses
volume 24 10 -58.3%
total value £778,433 £82,989 -89.3%
average* value £32,435 £8,299 -74.4%
median value £2,005 £5,368 167.7%
Judgments against incorporated businesses
volume 19 9 -52.6%
total value £769,345 £82,292 -89.3%
average* value £40,492 £9,144 -77.4%
median value £2,874 £6,136 113.5%
Judgments against unincorporated businesses
volume 5 1 -80.0%
total value £9,088 £697 -92.3%
average* value £1,818 £697 -61.6%
median value £1,018 £697 -31.5%
Satisfactions
volume 91 101 10.9%
total value £146,156 £394,638 170.0%
average* value £1,606 £3,907 143.2%
median value £818 £652 -20.3%

For more information contact

press@registry-trust.org.uk

0207 391 7287

www.registry-trust.org.uk

Notes for editors

Registry Trust is the Registrar for Judgments, Orders and Fines in England and Wales on behalf of the Ministry of Justice. The Register includes county court judgments, high court judgments, CSA liability orders, fine defaults and tribunal awards for England and Wales.

CCJs are removed from the register if paid in full within one calendar month of the judgment date, but will otherwise remain registered for six years. If fully paid outside the one calendar month, defendants can apply to have the judgment marked as ‘satisfied’ which will improve their credit rating.

Anyone may search for entries against a named person or business at a stated address or a corporate body in Great Britain, Northern Ireland and the Republic of Ireland by visiting Registry Trust’s website www.trustonline.org.uk or by writing to Registry Trust, 153-157 Cleveland Street, London W1T 6QW.