Sunday, 31 August 2014

Unpaid debt soaring her

The value of court judgements against companies in County Roscommon for the recovery of unpaid debt is soaring, with over half a million euro in court judgements recorded in the second quarter of 2010.

Court judgements are deemed a useful barometer of corporate financial health and a leading indicator of insolvency.

In the second quarter of 2010, six court judgements totalling 503,000 were awarded against companies in County Roscommon, 3.5 percent of the national total. The figures for Roscommon represent an increase of 157.4 percent over the figures for the second quarter of 2009. The figures for Leitrim, a total of 59,575 for the second quarter of 2010, were an increase of 849.4 percent on the previous year.