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.