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JUDGMENTS AGAINST IRISH CONSUMERS AND BUSINESSES SEE HUGE FALLS IN Q4 2020

The number and total value of judgments registered against Irish consumers and businesses saw huge falls in the fourth quarter of 2020 compared to the same quarter last year, figures released today by registrar Irish Judgments show.

The number of judgments against consumers fell by 72 percent, from 618 to just 172. The total value fell by 89 percent, from €62 million in Q4 2019 to under €7 million in Q3 2020.

The average value of consumer judgments fell by 60 percent, from €100,960 to €40,084 and the median value by 26 percent, from €11,747 to €8,752.

Judgments against Irish businesses fell from 234 to 62, a drop of nearly three quarters (74%). The total value registered against businesses fell by 62 percent, from €3.4 million to just €1.3 million. The average value of business judgments rose by 41 percent from €14,525 to €20,536.

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 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
volume 618 172 -72.17%
total value €62,393,251 €6,894,440 -88.95%
average* value €100,960 €40,084 -60.30%
median value €11,747 €8,752 -25.50%
Judgments against all businesses
volume 234 62 -73.50%
total value €3,398,949 €1,273,233 -62.54%
average* value €14,525 €20,536 41.38%
median value €5,602 €3,534 -36.92%
Judgments against incorporated businesses
volume 161 38 -76.40%
total value €2,533,82 €983,680 -61.18%
average* value €15,738 €25,886 64.48%
median value €7,295 €3,534 -51.56%
Judgments against unincorporated businesses
volume 73 24 -67.12%
total value €865,127 €289,553 -66.53%
average* value €11,851 €12,065 1.80%
median value €1,658 €3,515 112.00%
Satisfactions
volume 13 17 30.77%
total value €9,926,193 €921,677 -90.71%
average* value €763,553 €54,216 -92.90%
median value €116,298 €17,512 -89.47%

For more information please contact

press@registry-trust.org.uk

+44 207 391 7287

www.registry-trust.org.uk

Notes for editors

Irish Judgments is part of Registry Trust, a non-profit company established in 1985. Registry Trust maintains public records of judgment and decree information for all jurisdictions in the British Isles and Ireland.

Irish Judgments holds a public register of judgments registered at the Four Courts in Dublin.

The figures are based only on judgments registered at the request and cost of creditors at the Four Courts in Dublin and therefore provide only a partial picture of debt in Ireland.

Judgments can be removed from the register if paid in full within one calendar month of the issue date and Irish Judgments is informed, but will otherwise remain registered for six years. If fully paid outside the one calendar month, the defendant can apply to have the judgment marked as ‘satisfied’ to improve their credit rating.

Anyone may search for entries against a named person or business at a stated address or a corporate body in the Republic of Ireland, Northern Ireland, Scotland or England and Wales by visiting Registry Trust’s website www.trustonline.org.uk or by writing to Irish Judgments at Irish Judgments, Ulysses House, Foley Street, Dublin 1.