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Revenue and banks get judgments worth €70m

THE taxman and four of the biggest banks here have secured judgments worth nearly €70m so far this year, in a sign of just how bad things are ahead of the new personal insolvency regime, writes Peter Flanagan.

New figures from business and credit analyst Vision-net show that since the start of the year, the Revenue Commissioners have secured 465 court judgments against consumers for more than €22m in unpaid debts.

And Danske Bank, BoI, ACC and AIB have between them secured 67 judgments for more than €47m in debts.

Vision-net managing director Christine Cullen said the figures showed just how bad things were now for consumers.

"The scale of consumer debt is much higher than what is officially recorded," she added.

Irish Independent