DEBT JUDGMENTS REGISTERED AGAINST ISLE OF MAN CONSUMERS ROSE IN Q3 2021 COMPARED TO SAME PERIOD LAST YEAR, BUT CONTINUED TO DECLINE THROUGHOUT 2021
Twenty two debt judgments were issued in the Isle of Man Courts of Justice against consumers in Q3 2021, compared to 10 issued in the same period last year, according to data published today [14.10.2021] by Registry Trust.
But, while this quarter’s numbers are up on the same period last year, they have declined in each quarter of 2021, and remain low compared to pre-Covid levels.
The total value of judgments issued against consumers doubled from £27,338 in Q3 2020 to £55,962 in Q3 2021, although values remain small.
As a result, the average value in Q3 2021 fell by seven percent compared to the same period last year, from £2,734 to £2,544. The median value in Q3 2021 was significantly lower, at £699 compared to £2,581 in Q3 2020.
There was a small increase in the number of judgments against Isle of Man businesses. Six judgments with a total value of £16,266 were issued in Q3 2021, compared to three with a total value of £8,388 issued in Q3 2020.
Registry Trust Chair, Mick McAteer, said: “Judgment numbers against Isle of Man consumers are higher this quarter compared to the same period last year. But, it is worth noting that numbers have now fallen each quarter this year suggesting that Isle of Man consumers are still being shielded from the economic and financial shocks created by the Covid.”
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|Q2 2020||Q2 2021||Change (compared with 2020)|
|Judgments against consumers|
|Judgments against all businesses|
|Judgments against incorporated businesses|
|Judgments against unincorporated businesses|