The number of debt judgments registered in Jersey rose slightly during the first quarter of 2018, according to figures released by Registry Trust, the non-profit body that collects judgment information from jurisdictions throughout the British Isles and Ireland.
In Jersey, Registry Trust collects, verifies and makes publicly available judgment records from the petty debts and royal court.
In Q1 2018, a total of 543 debt judgments were made, 13 per cent more than the same quarter last year. This increase was caused by an 18 per cent spike in the number of consumer judgments – the number of business judgments registered fell by 13.
There were 5.2 judgments issued per 1,000 people in Jersey, compared with 5.8 per 1,000 people in England and Wales during Q1 2018.
The total value of judgments rose 71 per cent compared with a year prior. However, two large outlying consumer judgments, each to the value of £965,262, greatly skewed the scale of this increase. Excluding these two judgments, the value of judgments registered during Q1 2018 was £806,001, almost half the total value in Q1 2017.
During the period, 3.9 per cent of Jersey’s judgments were satisfied. This contrasts with 9.2 per cent during Q1 2017.
Statistics
All judgments for Q1 2018 (compared with Q1 2017)
Total: 543 (up 13 per cent)
Total value: £2,736,525 (up 71 per cent)
Average value: £5,040 (up 51 per cent)
Median: £222 (down 54 per cent)
Amended all judgments for Q1 2018 (compared with Q1 2017)*
Total: 541 (up 13 per cent)
Total value: £806,001 (down 47 per cent)
Average value: £1,490 (down 55 per cent)
Q1 2018 business judgments
Total: 43 (down 13)
Total value: £194,907 (down 23 per cent)
Average value: £4,533 (down £16)
Median: £1,920 (down 14 per cent)
Q1 2018 consumer judgments
Total: 500 (up 18 per cent)
Total Value: £2,541,618 (up 88 per cent)
Average Value: £5,083 (up 60 per cent)
Median: £199 (down 52 per cent)
Q1 2018 amended consumer judgments*
Total: 498 (up 17 per cent)
Total Value: £611,114 (down 55 per cent)
Average Value: £1,227 (down 61 per cent)
*Discounting two outlying judgments to the value of £965,262 each