€236m orders over unpaid loans

FOUR Cork businessmen have had judgment orders totalling more than €236 million entered against them to date in favour of three banks arising mainly from unpaid property loans.

The four consented at the Commercial Court this week to summary judgment orders for €135m each being entered against them in favour of Ulster Bank.

They had previously consented to some €63m summary judgment orders against them over facilities provided by Bank of Ireland and to summary judgment orders for some €38.2m in favour of Anglo Irish Bank.