Debtors to have bills disclosed in magazine
Published 31/01/2011 | 05:00
COMPANIES and private individuals who fail to pay their debts will soon have their unpaid bills laid bare at their local newsagents.
Debt monitor 'Stubbs Gazette' will this week launch a new magazine version of their regular judgment listings, showing who's being pursued in the courts for cash.
The monthly publication will include a full list of all debts that have resulted in judgments being registered in the High Court. Debtors will be broken down by county, and each issue will also feature caricatures and short profiles of the biggest judgments.
"There's a commercial reason for it, in that we think there will be a lot of interest and people will buy it," said James Treacy, who runs 'Stubbs Gazette' publisher Business Pro.
"The other reason we're doing it is because there are companies and individuals who have hundreds of judgments registered against them and carry on trading, racking up more debts.
"We think people running small businesses, farmers and anyone else giving out credit should be able to go out, buy this publication and find out who's not paying their debts."
Stubbs already supplies a weekly catalogue to 1,500 businesses, Mr Treacy said the monthly magazine at €8.95 an issue would be more affordable for smaller companies.
Some 4,000 issues will be made available across 1,000 newsagents from Wednesday while Stubbs Gazette's regular customers will also get copies.