Monday 26 August 2019

TV stars' €3.7m debt case to be decided in July

Musician Frank McNamara and his wife, barrister Theresa Lowe.
Musician Frank McNamara and his wife, barrister Theresa Lowe.

Tim Healy

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.

Irish Independent

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