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Consumers faced €900m in judgments

Irish consumers were slapped with court judgments totalling €900m this year - a third more than the value registered against them in 2013, according to figures prepared for the Herald.

The huge rise came despite the number of judgments secured against consumers in the courts by creditors falling 13pc this year to just under 3,600, the figures compiled by debt monitoring service Stubbs Gazette and its joint venture firm, Insolvency Resolution Service show.

The number of commercial judgements registered fell sharply, by 40pc to 925 in the year to December 18. The value of commercial judgments also declined, by 25pc to €54m.

Decline

The Revenue Commissioners was the entity to secure the biggest number of judgments this year, at 1,770, but that represented a 14pc decline for the agency.

Banks secured 400 judgments, up 8.7pc. Nama barely figures in the statistics any more, securing just three judgments - a third fewer than it did in 2013.

The number secured by credit unions totalled 450, down 22.4pc.

Other successful applicants, which include a range of creditors from telephone companies to electricity providers, secured 1,901 judgments, down 29.2pc.

The biggest consumer judgment secured this year was for €64.2m against Dublin developer Myles Crofton and his wife Karin. It was obtained by Ulster Bank.

Other notable judgments included one for €24.5m secured against Limerick businessman John Shee by Bank of Scotland.

A separate judgment secured by Nama against Mr Shee hasn't yet been enforced as Mr Shee could not be tracked down by the agency despite the assistance of gardai.

He was understood to be outside the country.


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