JUDGMENTS AGAINST IRISH CONSUMERS AND BUSINESSES SEE HUGE FALLS IN Q3 2020
The number and total value of judgments registered against Irish consumers and businesses saw huge falls in the third quarter (Q3) of 2020 compared to the same quarter last year, figures released today (Oct 29th, 2020) by registrar Irish Judgments show.
The number of judgments against consumers fell by 81 percent, from 678 to just 126. The total value fell by a startling 92 percent, from €57 million in Q3 2019 to €4.6 million in Q3 2020.
The average value of consumer judgments fell by nearly 56 percent, from €83,882 to €36,849 and the median value by 37 percent, from €16,290 to €10,314.
Judgments against Irish businesses fell from 192 to 78, a decrease of 59 percent. The total value registered against businesses fell by 82 percent, from just under €5 million to just €907,346. The average value fell by 55 percent from €26,039 to €11,633.
Mick McAteer as Registrar commented: “The latest data on judgments showing huge falls in the number and value 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 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|