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Judgments fall 66pc to E91m in month

Thursday, September 27 11:41:40

Just over E91 million was registered in judgments in Ireland between the 22nd of August and the 21st of September inclusive, representing a 66pc decrease in judgments registered compared to the previous month.

The data, collected by the Experian Gazette, shows that a total of 508 judgments were secured during the four week period adding up to a total value of E91,239,012.

The majority of these were secured against individuals, with 362 judgments totalling E63,236,744 registered.

The figures show that 146 judgments were registered against businesses totalling E28,002,268.

Dublin saw the highest total value of judgments registered with 141 judgments totalling E33,466,409.

There were 42 judgments against businesses totalling E22,529,281 and 99 judgments against individuals totalling E10,937,128. Cork had the second highest total value of judgments registered with 89 judgments totalling E14,270,655. There were 23 judgments against businesses totalling E584,317 and 66 judgments against individuals, totalling E13,686,337. Limerick had the third highest total value of judgments with 30 judgments, totalling E13,212,713. There were eight judgments registered against businesses totalling E603,479 and 22 judgments against individuals totalling E12,609,234.

Roscommon saw the lowest total value of judgments with just two judgments totalling E21,327 registered. There was one judgment against a business totalling E14,065 and one judgment against an individual totalling E7,262. Leitrim had the second lowest total value of judgments with four judgments against individuals totalling E28,109. Carlow had the third lowest total value of judgments with seven judgments totalling E43,188. Of these three were against businesses, totalling E6,237 and four were registered against individuals, totalling E36,951.

"It is encouraging to note that the total value of judgments registered against businesses and individuals this month has decreased significantly when compared with the same period last month. However the volume of judgments registered has remained consistent, with 508 judgments registered this month compared to 569 this time last month. This would indicate that this issue of bad debt continues to pose a significant challenge for businesses around the country and those working in financial and accounting roles must identify ever more effective means of detecting those customers who pose a credit risk," said Danielle Span-Dominy, spokesperson for Experian Ireland.