THE NUMBER OF DEBT JUDGMENTS REGISTERED AGAINST CONSUMERS IN JERSEY CONTINUE TO FALL IN Q2 2021
The total number of judgments issued against consumers in the Jersey Petty and Royal Courts in the second quarter of 2021 (Q2 2021) was 199, according to data published today [27.07.2021] by Registry Trust. In the same quarter last year, as the full economic shocks of Covid began to emerge, just one judgment was issued. So, a direct comparison with 2020 is not meaningful. But, it is worth pointing out that recently judgment numbers have fallen for two quarters in a row.
The total value of judgments issued against Jersey consumers was 40 percent higher, up from £267,000 in Q2 2020 to £374,832 in Q2 2021. The average value of judgments in Q2 2021 was £1,884, with the median at £335. Comparisons with Q2 2020 are not meaningful as there was just one judgment of £267,000 issued in that quarter.
There were 31 judgments valued at £122,097 issued against Jersey businesses in Q2 2021 compared to none in Q2 2020. The average value was £3,939, with the median at £1,527
Registry Trust Chair, Mick McAteer, said: “This time last year judgment activity had more or less ceased as measures were applied to protect consumers and businesses from the economic impact of Covid. Judgment activity has resumed but it is worth noting that numbers have fallen two quarters in a row suggesting that consumers are still being shielded from the economic and financial shocks created by the Covid.”
|Q2 2020||Q2 2021||Change (compared with 2020)|