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THE NUMBER OF DEBT JUDGMENTS ISSUED AGAINST CONSUMERS IN THE ISLE OF MAN UNCHANGED IN Q2 2021

The number of judgments issued in the Isle of Man Courts of Justice against consumers in the second quarter of 2021 was unchanged compared to the same period last year (Q2 2020), according to data published today [27.07.2021] by Registry Trust.

The total number of judgments issued against consumers in Q2 2021 was 34, equal to the number in the same period 2020. Numbers had risen at the end of last year but have fallen for the past two quarters.

The value of judgments issued against consumers saw little change, down just under three percent from just over £1 million to £994,913.

As a result, the average value in Q2 2021 also saw little change, at £29,262 compared to £30,149 in the same period last year. The median value was significantly lower, at £551 compared to £1,600 in Q2 2020.

There was a small increase in the number of judgments against Isle of Man businesses. Seven were issued in Q2 2021, compared to five in Q2 2020. But, the total value of these judgments fell sharply from £406,022 to £77,656.

Registry Trust Chair, Mick McAteer, said: The end of 2020 saw a significant rise in judgments against consumers in the Isle of Man. But, the numbers in this quarter have fallen back to the levels seen in second quarter of 2020 suggesting that consumers are being shielded from the economic and financial shocks created by the Covid.

- Ends –

Q2 2020 Q2 2021 Change (compared with 2020)
Judgments against consumers
volume 34 34 0%
total value £1,025,056 £994,913 -2.9%
average* value £30,149 £29,262 -2.9%
median value £1,600 £551 -65.6%
Judgments against all businesses
volume 5 7 40%
total value £406,022 £77,656 -81%
average* value £81,204 £11,094 -86.3%
median value £2,874 £6,968 142.4%
Judgments against incorporated businesses
volume 3 7 1.3%
total value £403,640 £77,656 -80.9%
average* value £134,547 £11,094 -91.8%
median value £63,537 £6,968 -89%
Judgments against unincorporated businesses
volume 2 0 n/a
total value £2,382 £0 n/a
average* value £1,191 £0 n/a
median value £1,191 £0 n/a
Satisfactions
volume 12 62 416.7%
total value £18,516 £317,264 1,613.5%
average* value £1,543 £5,117 231.6%
median value £1,339 £691 -48.4%

For more information contact

press@registry-trust.org.uk

0207 391 7287

www.registry-trust.org.uk

Notes for editors

Registry Trust is the Registrar for Judgments, Orders and Fines in England and Wales on behalf of the Ministry of Justice. The Register includes county court judgments, high court judgments, CSA liability orders, fine defaults and tribunal awards for England and Wales.

CCJs are removed from the register if paid in full within one calendar month of the judgment date, but will otherwise remain registered for six years. If fully paid outside the one calendar month, defendants can apply to have the judgment marked as ‘satisfied’ which will improve their credit rating.

Anyone may search for entries against a named person or business at a stated address or a corporate body in Great Britain, Northern Ireland and the Republic of Ireland by visiting Registry Trust’s website www.trustonline.org.uk or by writing to Registry Trust, 153-157 Cleveland Street, London W1T 6QW.