99 individuals hit for e10m in debts


99 individuals hit for e10m in debts

Evening Herald - Wednesday November 16 2011

STRUGGLING company directors, sole traders and consumers have been personally hit with registered judgments of more than €10m this week.

The individuals' personal credit ratings are now damaged and they have been left vulnerable to having assets repossessed.

According to StubbsGazette, the €10.8m in debt was spread across 99 individuals.

The figure only covers registered judgments, an advanced stage of debt recovery, and Niamh McArdle of StubbsGazette said that it was likely that those involved in business were pursued by "many more millions in unregistered judgments".

The Revenue Commissioners took 33 cases, totalling €9.2m, followed by the credit unions whose 20 cases came to €882,761.19, while Allied Irish Banks had four totalling €13,241.

Debts under €10,000 accounted for 53 of the registered judgments, while another 29 were for debts of between €10,000 and €50,000, and seven were for debts of €50,000 to €100,000.

Top Judgments Registered

03.09.2020

Padraic Boland
Address: Ballygarry, Carrowmore Lacken, Ballina, County Mayo
Amount: €57,505.51

02.09.2020

Alan Ryan
Address: 3 Bellevue Court, Delgany, Co Wicklow
Amount: €40,000.00

02.09.2020

Alan Torpey
Address: 8 Connawood Crescent, Old Connaught Avenue, Bray, Co Wicklow
Amount: €40,000.00

02.09.2020

Gerald Ryan
Address: 10 Cornelscourt Hill, Foxrock, Dublin 18
Amount: €40,000.00

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