The number of debt judgments against consumers declined by 16% to 678 and the total value of consumer judgments dropped 31% to £2.1million. The average value of a consumer judgment was £3,102, 19% less than in 2018 while the median value fell to £216.
There were 88 business judgments in the first half of the year, two fewer than last year. The total value dropped to £510,358, half of what it was in 2018. The average judgment value also fell by 50% to £5,800, while the median business judgment’s value increased by 41% to £3,023.
Pictured: The statistics for the first half of 2019.
During the first six months of 2019, 4.9% of Jersey’s judgments were satisfied. This contrasts with 13.88% in England and Wales.
Mick McAteer, Registry Trust deputy Chairman, said: “Both the number and value of judgments against consumers in Jersey have shown a significant and, on the face of it, encouraging fall over the past year. It will be interesting to see if this improvement continues.”
