Updated 2.20pm
THE ONLY MALE member of Irish band The Corrs is appearing before the Commercial Court today to answer questions about an outstanding loan of €778,000 from ACC Bank.
Corr is being cross examined by the bank’s legal team about his assets following claims that he has liabilities of more than €6.5 million. The 48-year-old musician secured a €1.4 million loan in 2004, which remains mostly unpaid almost nine years later.
When he took to the stand this afternoon, Corr was asked about his living arrangements. He told the court he pays the mortgage on a house for his ex-partner while he himself spends ‘most’ of his time in another house, which is owned by a German friend, Florian Karrer.
He told the court he met Karrer at party he attended with his sisters in Majorca in 2010 and said that although Karrrer has no ties to Ireland, he fell in love with the country.
Earlier, Corr’s barrister Ross Aylward acknowledged that the musician’s financial affairs were ‘chaotic’ during an application for the case to be adjourned to a later date.
Aylward requested that JudgePeter Kelly drop the cross examination and said that his client wasn’t fully aware of all the relevant documentation which was needed today. The barrister said that this could lead to some confusion.
Bernard Dunleavy, barrister for ACC Bank, accepted that Corr had short notice of the planned cross examination, and said his client would agree to an adjournment if Corr would swear not to declare bankruptcy in any country.
When Corr’s barrister declined, Mr Justice Peter Kelly decided to proceed with the examination by ACC Bank, telling the court that although Corr may not have all the documents needed, but some of the information would be factual which he should know.
In 2011, Corr consented to a €1.4 million summary judgement order against him. The loan was initially intended to buy land at Goresbridge in Kilkenny.
-Additional reporting by Sinéad O’Carroll and Christine Bohan
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