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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Dan O’Brien: Cautious optimism in economic forecast as euro-wide rebound gives cause for hope

Mortgage approvals fell in number and value during October

Dan O’Brien: As inflation rises across Europe, Germany and the ECB are watching Italy with interest

Raising interest rates is not the way to curb inflation, says Central Bank