Judgment awards in the first nine months of 2013 reached approximately E300.3m - an average of E33.3m in bad debts per month.
An analysis of judgment awards made between January and September of this year reveals that 4,372 judgments have been awarded against consumers and companies by the courts
These judgments were worth a combined total of E300.3m - this is E8m less than the total for the same period in 2012.
2,943 (67%) of these judgments were awarded against consumers and were worth E239.8m. The remaining 1,429 judgments were awarded against companies and had a combined value of E60.5m.
36% of all judgment awards were made to the Office of the Revenue Commissioner. 1,317 of these were against consumers for a value of E68.7m. They were awarded a further E8.3m against companies.
The banks were awarded E116.5m in bad debt judgments in the first nine months of 2013 - 89% of that was in judgments against consumers.
Local authorities (County councils etc) were the main beneficiaries in relation to commercial judgments receiving 519 judgments worth E21.6m
The number of companies that have collapsed this year. This figure is up 23% compared to last year
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PREDICTIVE CREDIT REPORTS
Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.
- 30 Companies
E8 (Notice Of Appointment Of Receiver)
- 11 Companies
- 3 Companies
The number of companies that have closed this week.
- 323 Companies
- 582 Businesses
- 760 Companies
HIGH COURT NOTICES
- 1 Company
- 316 Companies
- 0 Company