More than 3,000 active cases against debtors by non-banks

Litigation against distressed loan holders by non-bank entities reached a peak in October

29th December, 2019
More than 3,000 active cases against debtors by non-banks
Non-banks include retail credit firms and credit servicing firms, which provide loans or manage them on behalf of investors – commonly referred to as vulture funds. Picture: Getty

More than 3,000 circuit court cases by non-banks were active in the past two years, a new analysis of court diaries estimates.

Litigation against distressed loan holders in Irish circuit courts has gradually risen since 2017, reaching a peak in October of this year with 740 cases being listed for hearing.

Overall, there were more than 5,800 listings so far this year, five per cent higher than the total number of listings in 2018, signalling an increase in...

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