Judge 'minded to approve' personal insolvency arrangement for Frank McNamara and Theresa Lowe

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.

Financial fund Tanager DAC, which is owed €2.26m by the couple, had opposed the application. That debt is secured against the couple's family home in Dunshaughlin, Co Meath, which is valued at €550,000.