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Jim Corr to appear before court over ACC loan

Jim Corr is to appear before the Commercial Court to answer questions about a loan worth three qu...
Newstalk
Newstalk

06.34 15 May 2013


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Jim Corr to appear before cour...

Jim Corr to appear before court over ACC loan

Newstalk
Newstalk

06.34 15 May 2013


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Jim Corr is to appear before the Commercial Court to answer questions about a loan worth three quarters of a million euros from ACC bank, that remains unpaid.

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

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

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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 €6.5 million arising from property investments far exceed his assets.

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


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