Former Late Late Show musical director and wife seek €3m debt write-down

Musician Frank McNamara and his wife, barrister Theresa Lowe, are seeking High Court approval for a personal insolvency arrangement to assist them in dealing with debts of €3.7m.

They are looking to get a debt write-down of nearly €3m but a fund, Tanager DAC, which acquired the debt, is opposing the application.