JUDGMENTS AGAINST IRISH CONSUMERS AND BUSINESSES SEE MAJOR FALLS IN 2020
The number and total value of judgments registered against Irish consumers and businesses saw large falls in 2020 compared to 2019, figures released today by registrar Irish Judgments show.
The number of judgments against consumers fell by 62 percent, from 2,456 to just 930. The total value fell by 79 percent, from €192 million in 2019 to €39 million in 2020.
The average value of consumer judgments fell by 46 percent, from €78,066 to €42,289 and the median value by 39 percent, from €13,705 to €8,406.
Judgments against Irish businesses fell less, by 33 percent, from 676 to 455. The total value registered against businesses fell by 51 percent, from €13.3 million to just €6.4 million. The average value of business judgments fell by 28 percent from €19,629 to €14,170.
Mick McAteer as Registrar commented: “The latest data showing huge falls in the number and value of Irish judgments in 2020, suggests that income support and regulatory interventions have shielded Irish households and businesses from the worst effects of the financial shocks caused by Covid-19. But, the picture may be very different once the support measures are unwound.”
|Half Year 2019||Half Year 2020||Change (compared with 2019)|
|Judgments against consumers|
|Judgments against all businesses|
|Judgments against incorporated businesses|
|Judgments against unincorporated businesses|