Firms write off €600m bad debts

IRISH companies have written off close to €600 million in bad debts in the last five years, according to figures released by BusinessPro.

The company’s survey of court judgments over the last five years reveals that €600m in registered and unregistered judgments have been processed by the Irish Courts since 1999.

The Revenue Commissioners are the top plaintiffs in Ireland and have been awarded judgments totaling €137m. The biggest user of the courts is Bank of Ireland who won judgments against 10,444 customers for debts totaling €57m.