A judge has asked for clarification on musician Frank McNamara's financial affairs before deciding if he and his wife barrister Theresa Lowe are entitled to an insolvency arrangement with their creditors.

A High Court judge has said he is minded to approve a personal insolvency arrangement for musician Frank McNamara and his wife, barrister Theresa Lowe to assist them with debts of €3.7m, subject to clarification of certain issues.