JUDGMENTS AGAINST IRISH CONSUMERS AND BUSINESSES SEE HUGE FALLS IN FIRST QUARTER 2021
The number and of judgments registered against Irish consumers and businesses saw huge falls in the first quarter of 2021(Q1 2020) compared to the same quarter last year, figures released today by registrar Irish Judgments show.
The number of judgments against consumers fell by 73 percent, from 565 to just 155. The total value fell by 71 percent, from nearly €26 million in Q1 2020 to €7.6 million in Q1 2021.
But, the average value of consumer judgments rose by over seven percent, from €45,924 to €49,223 and the median value by nearly 20 percent, from €7,827 to €9,387. Fewer but larger judgments on average were taken out against consumers.
Judgments against Irish businesses also saw sharp falls from 252 to 89, down 65 percent. However, the total value registered against businesses rose by 31 percent, from €3.8 million to just over €5 million. This meant that the average value saw a huge rise, up 270 percent from €15,184 to €56,183.
Mick McAteer as Registrar commented: “The latest data on judgments showing large falls in the number of judgments this quarter suggests that income support and regulatory interventions have shielded Irish households and businesses from the worst effects of the financial shocks caused by Covid19. But, the picture may be very different once the support measures are wound down. Numbers are already up sharply from the lows seen in Q2 2020.”
|Q1 2020||Q1 2021||Change (compared with 2020)|
|Judgments against consumers|
|Judgments against all businesses|
|Judgments against incorporated businesses|
|Judgments against unincorporated businesses|