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Number of debt judgments awarded by courts rises in first six months of 2015

1,692 debt judgments with a value of €202.8m were awarded against consumers in the first six months of this year
1,692 debt judgments with a value of €202.8m were awarded against consumers in the first six months of this year

2,308 commercial and consumer debt judgments were awarded by the courts in the first six months of 2015, with a total value of around €220m.

The figures have risen by roughly one third, when compared with the same period in 2014.

The average value of the judgments was €95,333, compared to an average value of €74,818 last year.

Business and credit risk analysts Vision-net.ie have compiled these latest figures

1,692 debt judgments with a value of €202.8m were awarded against consumers, representing rise of 41% on the same period last year.

The highest number of consumer judgments by value was awarded to the banking sector, with 185 judgments valued at €148.84m.

The largest number of judgments by volume was awarded to the Revenue Commissioners, comprising 888 or 52% of all consumer judgments.

Commercial judgments dropped slightly for the first half of the year, with 616 cases. The value of commercial judgments dropped by 25%, with €17.2m awarded.

The average value of these judgments was €27,911, a decrease of 23% on 2014 figures.