Latest figures from the Registry Trust indicated that the total number of consumer debt judgments in Ireland dropped five percent in Q1 (January-March) when compared to Q1 2019. The total value of registered debt owed by consumers in Q1 2020 was €25,947,064, compared to €28,440,399 in Q1 2019, a fall of nine percent.

The average value of consumer judgments registered also fell, by four percent. The median value fell significantly by 33 percent suggesting that there was a larger number of smaller judgments registered.

Mick McAteer as Registrar said “The latest data on judgments registered against Irish businesses in this quarter suggests a fragility in the business sector even before the full economic impact of Covid19 pandemic is felt. Consumers fared better in this quarter but with forecasters expecting significant damage to the Irish economy, household finances face a significant hit.”

 

Q1 2019 Q1 2020 Change (compared with 2019)
Judgments against consumers
volume 595 565 -5.04%
total value €28,440,399 €25,947,064 -8.77%
Average* value €47,799 €45,924 -3.92%
median €11,730 €7,827 -33.27%