In accordance with the Courts Act 1981 (Interest on Judgment Debts) Order 2016 (S.I. No 624 of 2016), the rate of interest on judgment debts has been significantly reduced from 8% to 2%, with effect from 1st January 2017. The Minister for Justice and Equality, Frances Fitzgerald had indicated in 2016 that she intended to … Continue reading Significant change in Interest Rate on Judgment Debts