Corr: I tried to protect finances for my children

Corr: I tried to protect finances for my children

Musician Jim Corr was today accused deliberately trying to put a Dublin property asset beyond the reach of ACC Bank.

The 48-year-old was cross-examined by ACC's lawyers which is owed €778,000 from a €1.4m loan issued to him and others to buy land in Co Kilkenny in 2004.

The sequence of events that led to Jim Corr selling two apartments in Dublin 4 and Northern Ireland was described in court as "extraordinary".

The property in the North was bought by a German friend of his sister's that he met at a party in Majorca after ACC initiated proceedings against him.

The mortgage-free Ballsbridge apartment sold for €350,000 a month after Corr consented to a judgment against him for €1.4m in 2011.

The judge asked the musician if he expected him to believe the sale was a stroke of good luck.

ACC questioned whether it was a deliberate effort to make sure the bank did not take the asset.

Corr did not deny the allegation, saying that he tried to protect his finances as best as he could on behalf of his son and agreed that he was in dire straits.

Corr told the court that "I'm a musician, I'm not good with figures, I depend on others and I've been left with a monster of an entity".

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