The latest half year statistics from the Registry Trust Limited have revealed the number of County Court Judgments (CCJs) in England and Wales are down 23.4% on this time last year.
There were 355,922 CCJs in total in the first half of 2010, compared to 464,556 in the first half of 2009.
The average judgment amount for consumers was found to be £3,765 – which is 5.4% down on last year, when the figure stood at £3,982.
The average corporate judgment amount was slightly more, at £4,384, although this has still declined by more than 10% since last year, when the average amount was £4,901.
Commenting on the figures, Kevin Still, debt expert and director of Atlantic Financial Management, said: “There has been a marked drop in the number of County Court Judgments (CCJs) in England in Wales, representing a reduction of over 71,000 in CCJ volumes.
“The majority of these are now processed through the CCBC, bulk processing centre, in Northampton. The average debt balance on a CCJ has dropped to £3,765 from just under £4,000 in the first half of 2009.”
However, Mr Still warned that processing debts through the courts can be expensive. He said: “As a Debt Management Company we would much prefer to negotiate a viable repayment arrangement with the creditor before legal action is enforced.
“Where a client on a Debt Management Plan (DMP) has taken a responsible action by seeking debt advice then there is usually a basis for negotiation with company they owe money to.”
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