The number of business debt judgments registered in the Republic of Ireland has decreased, according to the latest figures released by Registry Trust.
A decrease in the volume of business judgments, coupled with a 16 percent drop in the average judgment’s value led to a 39 percent fall in the total value of business judgments.
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 unmanaged debt judgments in the country. By comparison, in the much smaller economy of Northern Ireland, where judgments from all courts are registered, there were 4,603 judgments during the first half of 2018.
Malcolm Hurlston as Registrar commented: “The significance of these judgments is that creditors have gone to the trouble and expense of registering them at the Four Courts for further visibility and action. However there is much to be learned from other judgments in smaller courts which are public but not registered. Irish businesses and consumers can benefit from the wider information available in Northern Ireland and in Great Britain.”
Judgments against businesses Q1 and Q2 2018
- Total: 278 (down 27 percent)
- Total value: €5.2m (down 39 percent)
- Average value: €18,741 (down 16 percent)
- Median: €8,388 (up 71 percent)