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Gnáthamharc

Judgment Debts.

Dáil Éireann Debate, Tuesday - 17 November 2009

Tuesday, 17 November 2009

Ceisteanna (254)

Ciaran Lynch

Ceist:

298 Deputy Ciarán Lynch asked the Minister for Justice, Equality and Law Reform if he will exercise his powers under the Courts Act 1981 to reduce from 8% to 4% the level of interest on judgment debts; if he will confirm that despite the historically low rates applicable elsewhere the interest on judgment debts has been unchanged since 1989; and if he will make a statement on the matter. [41658/09]

Amharc ar fhreagra

Freagraí scríofa

The rate of interest on judgment debts, reduced from 11% to 8% in 1989, has not been varied since that date. The rate is being reviewed in my Department.

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