Value of judgments rises by €31m

There was a €31 million increase in the value of court-registered judgments against debtors in the last month.

Figures from data information company, Experian show that 485 judgments — with a combined value of €53.2m — were secured during the four weeks between October 22 and November 21. The majority — more than €49m worth — were secured against individuals. Just under €4m worth of judgments were against businesses.

“During November, the value of judgments secured more than doubled month-on-month, from just under €22m in October to over €53m in November. Interestingly, the increase in value seems to be driven by increased judgement values in smaller counties such as Meath and Tipperary, which could illustrate the pressures being felt by rural businesses as the end of the year approaches,” said Experian Gazette spokesperson, Danielle Span-Dominy.