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.
The couple owe €2.26m to financial fund Tanager DAC, a debt which is secured against their family home.
They also owe money to parties including Bank of Ireland, Banco de Sabadell SA, and Revenue.
Brendan Burgess, founder of Askaboutmoney.com, and Michael Dowling, Financial Adviser and personal insolvency practitioner at Dowling Financial, joined us to discuss whether writing off debt should be more restricted.
Listen to the interview in full by pressing the play button on this page.
