TV stars' €3.7m debt case to be decided in July
A High Court judge has reserved judgment in a personal insolvency application by musician Frank McNamara and his barrister wife Theresa Lowe.
Mr Justice Denis McDonald said he won't give a decision before July as he has "to make sense" of the personal insolvency legislation which had been "drafted in an unhelpful way".
It followed a second day of legal submissions in which the couple are seeking approval for an arrangement to assist them in dealing with debts of €3.7m. They are looking to get a debt write-down of nearly €3m.
The arrangement is being opposed by the main creditor, the fund Tanager DAC.
Mr McNamara was musical director on 'The Late, Late Show' for 20 years while Ms Lowe was a TV presenter and barrister.