Belfast Telegraph

Value of defaults has fallen to £4.1m

A sharp fall in payment defaults and small court claims in Northern Ireland has underlined an apparent fall in the number of people struggling to meet debt repayments here.

New data from the Registry Trust has shown a 14% year-on-year fall in the number of default and small claims against businesses and individuals in the third quarter of the year.

And the value of those claims and defaults has also fallen by half a million pounds during the same period to £4.1m.

The Registry Trust is a non-profit organisation which collects judgment information from jurisdictions across the UK and Ireland.

And the number of High Court judgments has also fallen significantly.

In the third quarter of 2013 there were 72 High Court Judgements involving Northern Ireland businesses or individuals, down from 127 in the same period in 2012.

The value of those judgments nearly halved on the year to £6.6m, from £11.6m in the third quarter of 2012 and from a record high of £21.6m in the first quarter of 2013.

Belfast Telegraph