Court actions recover €894m in debts in 2010

THE value of outstanding personal and corporate debt recovered through court action has shot up 146% to €894 million in 2010.

The new figures from business information and risk agency Vision-net.ie show that the Revenue Commissioners and the banks were among the main plaintiffs going to the courts in a final attempt to get paid.

Revenue accounted for the majority of last year’s cases, recovering €55.2m alone through the courts.