Corr in court over unpaid loan

Corr in court over unpaid loan

Jim Corr is to appear before the Commercial Court to answer questions about a €750,000 unpaid loan to ACC bank.

The Dundalk musician is to be cross examined by the bank's lawyers over his assets.

Two years ago Corr consented to a €1.4m summary judgment order against him by ACC bank.

The loan was advanced to him and others in 2004 to buy lands at Goresbridge, Co Kilkenny.

ACC Bank says €778,000 is still outstanding on the loan and their lawyers will today question the musician about his means.

In court documents, Jim Corr claims his liabilities at €6.5m arising from property investments far exceeding his assets .

The bank claims he is in receipt of music royalties and income from properties he owns abroad.


More in this Section

Numbers on trolleys in Irish hospitals hits five-month highNumbers on trolleys in Irish hospitals hits five-month high

Westmeath obstetrician 'relieved' as Medical Council dismisses case against her over 'weak' evidenceWestmeath obstetrician 'relieved' as Medical Council dismisses case against her over 'weak' evidence

Man, 70s, dies after early-morning crash in Co RoscommonMan, 70s, dies after early-morning crash in Co Roscommon

Beef crisis latest:  'Self harm' being inflicted on industry; Concern for non-EU workers laid offBeef crisis latest: 'Self harm' being inflicted on industry; Concern for non-EU workers laid off


Lifestyle

This season textiles trend large, full of colour and exotic pattern, and applied in new ways to make a personal design statement from the living room to the bedroom, writes Carol O’CallaghanTextile trends that can help you make a personal design statement

More From The Irish Examiner