THE NUMBER OF JUDGMENTS REGISTERED AGAINST CONSUMERS IN JERSEY DOWN BY 31 PERCENT IN 2020 - BUT THE TOTAL VALUE SEES A LARGE RISE
The number of judgments issued in the Jersey Petty and Royal Courts against consumers fell in 2020, according to data published today (08.01.2021) by Registry Trust. The total number of judgments fell from 1,213 to 834, a fall of 31 percent compared to 2019.
But, the total value of judgments issued against Jersey consumers saw a significant rise of 24 percent, from £3.8 million to £4.7 million. As a result, the average value jumped from £3,143 to £5,646, a rise of 80 percent. However, the median value fell by 17 percent, from £289 to £239.
Judgments against Jersey businesses saw even larger falls. The numbers of judgments against businesses in 2020 fell to 73, a fall of 62 percent from the 192 issued in 2019.
The total value of business judgments registered in 2020 saw a huge fall of 88 percent from £1.9 million to £273,029 in 2019. The average value of business judgments fell by 63 percent from £10,024 to £3,740. The median value fell 56 percent from £3,169 to £1,403.
Registry Trust chairman, Mick McAteer, said: “The protections provided by policy and regulatory interventions, and creditor forbearance, meant judgment activity virtually ceased in the second quarter of the year. As a result, judgment numbers in 2020 are well down on 2019. But, the average value of judgments taken out against consumers rose significantly. It is important to note that the full economic of Covid-19 has not shown up in the data. That will change as protections are unwound.”
|Half Year 2019||Half Year 2020||Change (compared with 2019)|