Rate of closures jumps 14% as 34 Irish firms folding every day

ALMOST 37 firms are closing down ever day, an increase of 14% on last year.

This comes as figures show the value of court judgments for the recovery of unpaid debt hit €14 million in the second quarter of this year, up 55% on last year.

According to ICC Information, the construction sector accounted for the largest number of court judgments filed – €4.6m.