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.”
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|Half Year 2020||Half Year 2021||Change (compared with 2020)|
|Judgments against consumers|
|Judgments against all businesses|
|Judgments against incorporated businesses|
|Judgments against unincorporated businesses|