Since the recovery from the last recession Ireland has seen the number and value of bad debt judgments decrease steadily over the last 10 years.
However, the same cannot be said for 2021 which saw a rise in bad debt judgments from E43m in 2020 to E67m in 2021, a substantial increase of E24m. The value of judgments registered in 2021 increased by 56% compared to 2020. Whereas, the number of judgments remained similar with a small 0.6% increase in comparison to 2020 (1,329 vs 1,321).
Ireland saw its combined commercial and consumer bad debt judgment value drop 76% in 2020 even with unemployment and economic uncertainty at an all-time high. The suspension of activities during the lockdowns coupled with Government support and moratoriums, are all likely to have significantly contributed to the significant decrease in bad debt, personal insolvency and bankruptcy in Ireland in 2020.
CRIFVision-net allows you to stay up to date of all bad debt judgements in Ireland! Whenever you add a company to your alerts list, you will be notified of any changes, including if and when a bad debt judgement is filed.
To check the latest Commercial Judgments click here or for Consumer Judgements click here.
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By Business Barometer.
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